The Coase Theorem is the proposition that private transactions ...

[jho37]

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

Question 2

The short-run aggregate supply curve shows a positive relationship between the price level and real GDP.
 
  Indicate whether the statement is true or false

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Answer to Question 1

C

Answer to Question 2

TRUE

[jho37]

Thanks for the timely response, appreciate it

[bitingbit]

Excellent