Answer:
TRUE
Explanation:
The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.
The Coase Theorem also states that when conflicting property rights occur, bargaining between the parties involved will lead to an efficient outcome regardless of which party is ultimately awarded the property rights, as long as the transaction costs associated with bargaining are negligible. If trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.
Answer:
Social Theory
Explanation:
Social theory is a phenomenon that states that people tend to learn more quickly by observing, imitating and modeling other people and their surroundings.
A child would learn a trait that his father practices more efficiently rather what is taught to him. So the above example where children observe their parents tending to different activities on the weekends develops clear gender roles in their minds. This would fall in the category of social theory rather than cognitive theory.
The diseases brought to this continent by the Europeans included bubonic plague, chicken pox, pneumonic plague, cholera, diphtheria, influenza, measles, scarlet fever, smallpox, typhus, tuberculosis, and whooping cough
In a writing by Weisman he described what would have happen to the planet we currently live in if human race are to vanish and be replaced with other species. He further tackle about the conditions that would certainly occur of the habitats of different animals afterwards. He said that central parks would be invaded by coyotes and other beast and pests.
