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:
Chemical
Explanation:
It is a chemical contamination because glass is produced from chemical substances
Answer: God fearers.
Explanation:
God fearers are asking known as God worshippers, they are regarded as gentiles sympathizers to the Hellenistic Judaism in the Greco Roman society, they agreed and also observed some Jewish religious rite and traditions but they are not full Judaism converts . This is similar to the Hebrew Bible convert.
Answer:
media specialist company
Explanation:
Based on the information provided within the question it can be said that in this scenario NW Inc. would be considered as a media specialist company. This term refers to a company or business that specializes in promoting another company's (client) company, plan or idea using the connections and platforms that they have available to them. Which is what NW Inc. is doing for Yummy Foods.
Answer: Practical
Explanation:
Practical intelligence is defined as the intelligence through which a person is able to identify the most appropriate fit in a situation of environmental requirement and self.This intelligence is implemented on solving problems , passing job interviews and other congnitive activities.
According to the question, boy is depicting practical intelligence s that helps him to deal with new situation,finding solution for daily issues, meeting requirement of surrounding along with doing well in school work.
