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.
Answer:Some of the ways to fight against a poor economy is by employing capable hands born out of passion who are ready to solve a problem. This goes same for NGO' s and organization
Explanation:
Some of the ways to fight against a poor economy is by employing capable hands born out of passion who are ready to solve a problem. This goes same for NGO' s and organization. The 3 R's looks at how development can cut across various(possibly all) sectors of individuals in the society. The 3R's are relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.
Once this is sorted out, the economy becomes an encouragement to everyone, till it's better in all areas.
Answer:
Mood congruent memory
Explanation:
Mood congruent memory represents the mood of an event. It shows that when memory is stored in an event it also stores the state of the mood of that event at that time.
So that because of mood memories when we recall our event that is related to happiness, we recall another moment too which is related to the happy moment. When we recall a sad moment we recall, sad memories as well.
Thus when Byran's girlfriend broke up with him and when he sat in his bedroom he recalls all sad moments at that time because of mood-congruent behavior.
Answer:personal distance
Explanation:
This is the zone that is most acceptable during an encounter with most of your friends and closer acquaintances because you know them well so there's <em>no need to be far away</em> from them.
Answer:
proactive; retroactive
Explanation:
Proactive interference: The term proactive interference refers to the process when an individual's old memories hinder him or her from retaining new memories.
Retroactive interference: The term retroactive interference refers to the process when an individual's new memories hinder him or her from retaining old memories. In other words, the new memories of a person disrupts the old memories.
In the question above, Katie is experiencing proactive interference, whereas Laurel is experiencing retroactive interference.
