A stable rule of law
A) invariably turns losses into profits.
B) allows people to cooperate more effectively with one another.
C) converts price searchers into price takers.
D) renders the law of comparative advantage ineffective.
Question 2
The jet noise assaulting the ears of a baggage handler is not an externality or spillover cost if
A) baggage handlers are required by law to wear hearing protectors.
B) baggage handlers are required by their employers to wear hearing protectors.
C) baggage handlers freely choose to wear hearing protectors.
D) baggage handlers find the pay sufficiently attractive to stay with their jobs.
E) the noise does no permanent damage to their hearing.
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The Rule of Nines