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.
I think the answer is
Emigrants
Answer:
variable-interval.
Explanation:
Variable-interval schedule: In psychology, the term "variable-interval schedule" is a schedule of reinforcement that falls under the operant conditioning theory which was determined by B. F. Skinner.
In the variable-interval schedule, reinforcement is being given to a specific response only after a specified amount of time has been elapsed or passed i.e, an unpredictable time yet this amount of time is associated with a variable or changing schedule.
In the question above, the given statement represents the variable-interval schedule of reinforcement.
Answer:
66 percent
Explanation:
The percentage of the Middle Atlantic people work in the manufacturing sector. This sector accounts for an increase in Gross Domestic Product and earnings of a country due to the products being used and also exported to other countries.
This sector provides a majority of the jobs in a country too.
The East River and the Hudson River