Although textile mills and tobacco factories emerged in the South during this time, the plans for a New South largely failed. By 1900, per-capita income in the South was forty percent less than the national average, and rural poverty persisted across much of the South well into the twentieth century.
<span>The Prime Meridian effectively divides the continent of Antarctica in half. Since prime meridians are arbitrary this is based on the Greenwich Prime Meridian.</span>
Answer:
b. Hector and Felix are not engaged in conflict because conflict must be expressed.
Explanation:
It is mentioned in the statement that Felix is in fact angry with his roommate Hector, for playing loud music but hasn’t express his feelings yet to him. We can infer that Hector has no idea that Felix is angry at him, so in consequence, there is no conflict between Hector and Felix; because there is no conflict for Hector; there is only conflict only for Felix. In order to the conflict to be real, Felix should state his problem and tell what he thinks to Hector and start an arguing conversation.
Answer:
d. in the case of trivial or zero transaction costs, the property rights assignment does not matter to the resource-allocative outcome.
Explanation:
The Coase Theorem states a solution to Externalities problem. The theorem states that if externality effects are trade-able at low transaction costs, bargaining will establish optimal output, irrespective of which party has property rights.
Eg : Wind Turbines generate noise negative externality. However, noise spectrum has no property rights definition. The spectrum considered anybody's property right (turbine owners or public). It would lead to establishment of optimal output
- Continued turbine operation : if benefit value > noise harm by it
- Inefficient turbine operation (discouraged) : if benefit value < noise harm by it
The optimality decision would stay same, based on above norms. It would be irrespective of noise spectrum property rights ownership (by turbine owners or public), if transaction costs are low.
Answer:
this are the rights that a human being is entitled to
