Author Question: The Coase Theorem is the proposition that private transactions are efficient if property rights ... (Read 75 times)

jho37 · **on:** Jun 29, 2018

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