Suppose the United States enters a recession, what type of unemployment would be most likely to rise as a result of the recession?

If Anne receives more satisfaction as she consumes more shoes, then:

A. the marginal utility of shoes is positive. B. the marginal utility of shoes is negative. C. the marginal utility of shoes is constant. D. the marginal utility of shoes is zero.

Asarta Inc. is polluting into a nearby fishing; doing so benefits them $40,000 a year. The fishermen are unhappy as their trout are dying off. Typically, the fishermen can catch trout and sell it to a local market where they can earn about $8,000 a year. Currently, the fishermen have the rights to use the stream as they see fit. Which of the following is an optimal solution according to the Coase Theorem?

A. Asarta Inc. could pay the fishermen $8,500 and keep polluting B. There is no optimal solution given the current property rights C. The fishermen could pay Asarta Inc. $4,000 to stop them from polluting D. Asarta Inc. could pay the fishermen $7,000 and keep polluting