According to the Coase theorem, there will be an efficient solution to the problem of toxic waste:
a. if the creator of the toxic waste is assigned the property right and the bargaining costs are high.
b. if the victim of toxic waste is assigned the property right and the bargaining costs are high.
c. regardless of which party is assigned the property right if bargaining costs are small

Explain what the GG-LL model tells us about the benefits of extensive trade between EU member states and comment on the significance of similarity of economic structure in this framework

What will be an ideal response?

Suppose the money supply is set to grow at 7%, real GDP grows at 5%, and the expected real interest rate on Aaa corporate bonds averages 6%

Using the quantity theory of money and the Fisher equation, the nominal interest rate on the Aaa corporate bond should be A) -2%. B) 2%. C) 6%. D) 8%.