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Author Question: The Coase theorem states that A) government intervention is always needed if externalities are ... (Read 102 times)

Bernana

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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


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iceage

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

C

Answer to Question 2

B


Bernana

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Reply #2 on: Jun 29, 2018
Thank you


iceage

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Reply #3 on: Jun 29, 2018
No problemo


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