Ronald Coase's analysis of externalities emphasizes the importance of:
a. command-and-control regulations.
b. effluent taxes.
c. property rights.
d. international sovereignty.
c
Economics
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If the marginal product of labor is constant for all levels of output, then the average product of labor
A) is constant. B) equals the marginal product of labor. C) Both A and B above. D) Either A or B above but not both.
Economics
During the worldwide recession of 2007-2009,
A) the Fed and the European Central Bank worked together. B) all countries coordinated macroeconomic policies. C) nations sacrificed some sovereignty. D) the IMF coordinated world economic policies.
Economics