Two social institutions that are essential for trade to be ...

[Garrulous]

Two social institutions that are essential for trade to be organized are ________.
 
  A) property rights and laws
  B) markets and banks
  C) businesses and banks
  D) markets and property rights

Question 2

Keeping in mind the Coase theorem, in the figure above if the pesticide factories own the lake, how much pesticide is produced?
 
  A) 300 tons per month
  B) 240 tons per month
  C) 180 tons per month
  D) 360 tons per month

[mmpiza]

Answer to Question 1

D

Answer to Question 2

C

[Garrulous]

Excellent

[6ana001]

Thanks for the timely response, appreciate it