Answer: Maximize joint welfare in respective or the right owner.
Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.
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.
Answer: Nontariff barriers
Explanation:
Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.
The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.
The answer to the question is because the effort to visit the legislators are too great.
Unfortunately, even though the audience members support your perspective, often times, people are reluctant to follow through on the actions needed to make the change. This is a common issue found in various parts of society – from your work life to your personal relationships.
<u>Answer:</u>
<em>People-based services are Increasing in today’s world.</em>
<u>Explanation:</u>
Services in which individuals, <em>instead of hardware or apparatus</em>, assume the significant job in conveyance; for instance, individuals assume the significant job in the <em>conveyance of monetary arranging administrations. </em>
People based services are increasing in today's world as there is need to handle and control the <em>software's and machines</em> that are used to carry out functions.
