The Coase theorem applies to cases where _____
a. transactions costs are high
b. transactions costs are obvious
c. transactions costs are zero
d. transactions costs are difficult to figure out
c
Economics
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As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____
a. $1000 b. $995 c. $675 d. $530 e. $475
Economics
If a country allows free trade and imports cars, then it is the case that the gains to domestic producers outweigh the losses to domestic consumers
a. True b. False Indicate whether the statement is true or false
Economics