Author Question: The Coase Theorem states that the public sector can achieve environmental efficiency, as long as ... (Read 147 times)

darbym82 · **on:** Jun 30, 2018

The Coase Theorem states that the public sector can achieve environmental efficiency, as long as property rights are clearly assigned.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The Fed's purchase of U.S. government securities constitutes a(n):
a. contractionary policy because it lowers the amount of total reserves in the banking system.
b. contractionary policy because it lowers the amount of excess reserves in the banking system.
c. expansionary policy because it raises the amount of total reserves in the banking system.
d. expansionary policy because it lowers the amount of total reserves in the banking system.
e. expansionary policy because it raises the amount of required reserves in the banking system.