This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Coase theorem states that A) government intervention is always needed if externalities are ... (Read 111 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
The Coase theorem states that
 
  A) government intervention is always needed if externalities are present.
  B) assigning property rights is the only thing the government should do in a market economy.
  C) under certain conditions, the property right to an activity will be acquired by the party that values it most.
  D) a free-market equilibrium is the best solution to address externalities.

Question 2

The benevolent social planner wants to extract the ________ the limited resources we have been given, and her objective is to ________ the size of the economic pie.
 
  A) greatest amount of happiness from; minimize
  B) greatest amount of happiness from; maximize
  C) least productive of; minimize
  D) least productive of; maximize


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

  • Guest
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Bernana

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Jun 29, 2018
Thank you


iceage

  • Guest
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Gonorrhea Rates in the United States Gonorrhea Rates in the United States
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Cohabitation in the United States Cohabitation in the United States
American Government: Roots and Reform, AP* Edition, 12th Edition American Government: Roots and Reform, AP* Edition, 12th Edition
United States Health Care System: Combining Business, Health, and Delivery United States Health Care System: Combining Business, Health, and Delivery
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library