Author Question: A copper ore refiner pollutes the water upstream from a brewery. These are the only two parties ... (Read 76 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
A copper ore refiner pollutes the water upstream from a brewery. These are the only two parties involved. The transactions costs of reaching an agreement between the refinery and the brewery are low.
 
  The amount of water pollution will be at the efficient level A) only when the property right to the stream is assigned to the ore refinery.
  B) only when the property right to the stream is assigned to the brewery.
  C) when the property right to the stream is assigned to either the refinery or to the brewery.
  D) when no one has clear property rights.

Question 2

Most economists believe that raising the minimum wage decreases the employment opportunities for low-skilled workers.
 
  Indicate whether the statement is true or false



sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

C

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library