YES you are correct. Im pretty sure at least...
The Coase Theorem says that, in an economic transaction with externalities, if property rights are well defined and if the transaction costs are low enough, then the private solution is socially optimal, with no need for government intervention to correct the situation externality, which is a market failure. The government's only role would be to ensure that property rights are well defined and that free trade flows without transaction costs.
Coase's theorem, shows how the role of institutions, especially legal ones, are important for the proper functioning of the market economy.
Aristocrats rule that governent if no other political party is in that area
Answer:
The correct answer to your question is D: Director of Foreign Service.
Hope this helped!
-vf
Hello, Some of the effects include different culture being introduced to the nation
Also it may teach some people to either be racist / prejudice or kind and accepting
The growing diversity can bring division and could also bring union depending on how current citizens act towards them.
Have a nice day.