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.
Probably A because urban renewal wanted to clear out the slums and creat more opportunities for higher class housing and business
When people talk about resources they mean all of the above
Answer:
As Mary is a newly-hired police officer, she observes two fellow officers removing drugs from the evidence room. Mary's values include devotion to loyalty, so Mary is inclined to protect her fellow officers. At the same time, Mary also believes in upholding the law. Mary's decision to report the crime had negative effects for the two officers involved, and for Mary personally. however, the rest of the community has benefited from the removal of corrupt police officers. A(n) utilitarian viewpoint would find this outcome to be ethical.
Explanation:
As we can see that Mary has taken the decision which is ethical from the utilitarian viewpoint. In utilitarian viewpoint, we decide and make decisions on the basis of the outcomes, We put efforts and decide whats going to be the likely outcome and results of our decisions. We mainly see the consequences and then proceed to make the decision. Moreover, in this viewpoint, moral values, ethics and justice is also given the main weightage. we focus not only our personal benefits but we see the benefits of large number of people. If we like something and other people do not like it then we will not make that decision. If two people in a group want to go to China for summer holidays, and five people are preferring going to London, then our decision will be going to London because in this case we can benefit more number of people. Same is the case here, Mary wants to proceed while thinking the benefits of its community.
