In which of the following cases is the Coase theorem most likely to solve the externality?
a. Ed is allergic to his roommate's cat.
b. Chemicals from manufacturing plants in the Midwest are causing acid rain in Canada.
c. Polluted water runoff from farms is making residents of a nearby town sick.
d. Industrialization around the world is causing global warming.
a
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Courts generally use the ________ when determining the value of human life in wrongful death suits
A) compensating differential approach B) actuarial approach C) lost-income approach D) sentimental approach
The table below shows data for China
Population (millions) Real GDP (yuan, billions) Nominal GDP (yuan, billions) 2000 1267 4999 9921 2003 1292 6498 13582 2006 1315 8776 21087 The standard of living between 2003 and 2006 increased by ________. A) 55.3 percent B) 1.8 percent C) 35 percent D) 32.7 percent