What is the Coase theorem?
What will be an ideal response?
The Coase theorem says that, under certain conditions when externalities are present, private parties can arrive at the efficient solution without government involvement.
You might also like to view...
If a Canadian firm opens a production facility in the United States, the profits from this production facility received by the Canadian owners of the firm in exchange for the factors of production they supply will be included in the
A) gross domestic product of Canada. B) gross national product of the United States. C) gross national product of Canada. D) exports from Canada and imports to the United States.
An increase in the effective corporate tax rate due to increased inflation results in
a. a upward shift of the investment schedule. b. a downward shift of the investment schedule. c. no shift of the investment schedule. d. a rightward shift of the saving schedule.