The Coase theorem is the proposition that if property rights exist, the number of parties is small, and transactions costs are low
A) external costs result in deadweight losses.
B) external benefits result in deadweight losses.
C) private transactions are efficient.
D) public transactions are efficient.
C
Economics
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Which of the following would not shift the production possibilities frontier?
a. an increase in worker training b. a war that destroyed many buildings c. a technological improvement that improved fuel efficiency in cars d. a decrease in the size of the labor force e. a change to a more inefficient production process
Economics
In which of the following monetary aggregates are Treasury Bills included?
a. M1 only b. M2 only c. both M1 and M2 d. neither M1 nor M2
Economics