What is the Coase Theorem? Please explain why it was developed and what are the key elements of the theorem

1 answer:

6 0

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.

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One way that mass communication differs from interpersonal or intrapersonal communication is the way that feedback works. how is

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Read the excerpt from the story Westward Adventures:

lora16 [44]

Answer:

The answer is D

Explanation:

A seems right, but Sally is the one who's optimistic in the story, not Beth, which means it isn't right.

B is not right because while the story mentions their grandparents, it doesn't directly say that they miss them.

C is not right, the story doesn't mention cookies at all.

D is right, because Beth directly says "I don't remember what Father looks like,"

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American sociology in the United States began at which of universities?

r-ruslan [8.4K]

Answer:

American sociology in the United States began at the University of Chicago.

Explanation:

Although it is on record that a course in sociology was first started at the University of Kansas, Professor Albion Small is regarded to be the first to establish a department of sociology at the University of Chicago.
To seek more development of the discipline of sociology and attract more and more people towards the subject, he started a journal in the year 1895 which was solely dedicated to sociology and its branches.

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Cortisol elevations are needed in the early stress response but persistent hypercortisolism is problematic because it induces?

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Cortisol elevations are needed in the early stress response but persistent hypercortisolism is problematic because it induces Glucose intolerance.

Cushing’s syndrome (hypercortisolism) happens when there’s extra cortisol in your body. Cortisol, the “pressure hormone,” is crucial to regulating your blood sugar and turning food into electricity. alas, too much of it caused by a medication or a tumor can reason weight gain, muscle weak spot and extra. Cushing’s syndrome can be fatal if untreated.

Children, teens and adults, but generally the ones elderly 25 to 50, are the humans most commonly laid low with Cushing’s syndrome. those who take cortisol medicine (for example, to treat asthma and rheumatoid arthritis) are particularly vulnerable. 70% of humans with Cushing’s syndrome are ladies and 30% are men.

Your healthcare issuer might consult a specialist referred to as an endocrinologist for evaluation and treatment.

Learn more about Cortisol elevation here:-

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In pavlov's study, a dog salivates to the sound of a tone because the tone has been regularly associated with the delivery of fo

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In Pavlov's study, a dog salivates to the sound of a tone because the tone has been regularly associated with the delivery of food. in this case, the tone is called a conditioned stimulus.
The Russian scientist Pavlov showed that the dogs were demonstrating classical conditioning.
John Watson later showed that the same happens in humans.

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