Coordination of macroeconomic policies between nation is uncommon

A product that must be actually consumed before the quality of the product can be determined is a(n)

A) search good. B) consumable good. C) consumption good. D) experience good.

The Coase theorem suggests that private markets may not be able to solve the problem of externalities

a. if the government does not become involved in the process. b. when the number of interested parties is large and bargaining costs are high. c. if the firm in the market is a monopoly. d. if some people benefit from the externality.