________________ says that clearly assigned property rights are ...

[pragya sharda]

________________ says that clearly assigned property rights are the best method
  for achieving efficiency when transaction costs are low or nonexistent.
 
  a. professional ethics
  b. conflicts of interest
  c. separation thesis
  d. Coasian theorem

Question 2

Backward-looking reasons are different than forward-looking reasons in that
  backward-looking reasons are
 
  a. a whole class of theories that identify ethical reasons for action apart from
  weighing the consequences of a choice.
  b. about likely consequences that would result from a choice
  c. about constraints or principles that apply prior to making the choice,
  independent from assessing the consequences of that choice
  d. the view that people ought to do whatever is in their self-interests.

[moormoney]

Answer to Question 1

D

Answer to Question 2

C