Coase bargaining works best in a situation with a large number of affected parties and the transactions costs of bargaining are relatively low.

A(n) ________ in U.S. prices will cause a decrease in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease

Which of the following activities will not be included in the GDP of an economy?

a. Sam buying a toy car imported from China from a toy shop in Boston b. Jane paying a certain amount to Moe to mow her lawn c. Bob buying a pound of cherries to garnish the cakes made in his bakery shop d. Corey paying his landlord rent for his new apartment