Unbalanced investment projects are largely responsible for the high concentration of wealth in poor countries

The Coase Theorem states that _____

a. in the absence of transactions costs, the allocation of resource will be independent of property right assignment b. in the absence of transactions costs, the allocation of resources will be dependent on property right assignment c. with transactions costs, the allocation of resources will be independent of property right assignment d. with transactions costs, the allocation of resources will be dependent of property right assignment

Which of the following will lead to an increase in aggregate demand in the United States?

a. a higher price level b. an increase in the real interest rate c. an increase in wealth due to a substantial appreciation in the value of stocks d. a decrease in real income in Japan and Western Europe