Government payments given to domestic producers, which reduce the world price of the traded products, are called:

Research indicates that on average, state government unions have

A) raised wages to 20 percent above nonunionized government workers. B) raised wages 25 to 30 percent above nonunionized private-sector and government workers. C) raised wages about 100 percent above similar workers in the nonunion private sector. D) have not significantly raised wages above similar workers in the nonunion sector.

The Coase theorem asserts that private economic actors can solve the problem of externalities among themselves, without government intervention, regardless of whether those actors incur significant costs in reaching and enforcing an agreement

a. True b. False Indicate whether the statement is true or false