Which of the following types of money has intrinsic value?

Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 24 ascots and 12 bowties would appear

A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.

A stamp making factory is set up next to a high school. Noise from the factory makes it difficult for the kids to focus on the lessons taught. It would cost $6 million for the factory to move and $2 million for the school to move. Sound insulation for the factory would cost $1 million, while insulation for the school would cost $200,000 . According to the court, the school has the property right

Which of the following solutions is consistent with the Coase theorem? a. The factory should install sound insulation because that is cheaper than moving. b. The factory should pay for the relocation of the school. c. The factory should buy insulation for the school. d. The school should buy its own insulation.