In the figure above, line A represents the A) the line of ...

[soccerdreamer_17]

In the figure above, line A represents the
 
  A) the line of market income distribution.
  B) line of equality.
  C) line of equal number of people in each household.
  D) line of equal consumption in each household.

Question 2

The Coase Theorem is the proposition that if the number of involved parties is low, if property rights ________ and transactions costs are ________, then private transactions are efficient.
 
  A) are nonexistent; low
  B) exist; high
  C) are nonexistent; high
  D) exist; low

[Animal_Goddess]

Answer to Question 1

B

Answer to Question 2

D