A copper ore refiner pollutes the water upstream from a brewery. These are the only two parties involved. The transactions costs of reaching an agreement between the refinery and the brewery are low.
The amount of water pollution will be at the efficient level A) only when the property right to the stream is assigned to the ore refinery.
B) only when the property right to the stream is assigned to the brewery.
C) when the property right to the stream is assigned to either the refinery or to the brewery.
D) when no one has clear property rights.
Question 2
Most economists believe that raising the minimum wage decreases the employment opportunities for low-skilled workers.
Indicate whether the statement is true or false
Salt water lake
Properties of Water
This internal bypass passage in the thermostat housing directs cold coolant to the water pump.
Cold, dense water accumulates around the Arctic and Antarctic
Access to clean drinking water is just as important as adequate nutrition for human health
Hydrozoan. Hydra, a freshwater species capturing and digesting a water flea.