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:
The rule of law is a very important principle for any democracy. The rule of law is a principle that establishes that the laws of a country come from a legal corpus established by societal consensus, instead of emanating from the will of a single person, like in a monarchy or a tyranny, or a small group of people, like in an oligarchy.
The rule of law ensures that even the democratic rulers of a country have a series of prohibitions, and a set of boundaries to their power. The rule of law is therefore crucial for democracy, and without it, it is very difficult to be in democratic terms anymore.
Answer:
That is just their views and personal opinions of how they see this world.
Explanation:
Most believe that science is the main source of life and that it is not god nor such thing as a god.
