Answer:
TRUE
Explanation:
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.
The Coase Theorem also states that when conflicting property rights occur, bargaining between the parties involved will lead to an efficient outcome regardless of which party is ultimately awarded the property rights, as long as the transaction costs associated with bargaining are negligible. If trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.
1. put +18 warnings on websites
2. makes laws that limit the sale of explicit material
Answer:
It leads to a focus on certain aspects of a problem
Explanation:
Based on the information provided within the question it can be said that the main tendency that this statement seems to have is that favoring one perspective leads to a focus on certain aspects of a problem. This prevents the sociologists to see the whole picture and would cause a misguided conclusion because of it.
John D Rockefeller would be the answer you're looking for :)
4. Obama is calling for a bill, the first step of a new law. In the checks and balances called for by the Constitution, the legislative branch makes the laws and the executive branch carries them out. I don't think he is overstepping his bounds though because all he says is that he is making a call for Congress, the correct body to do this action, to bring him a bill.
5. The legislative branch, specifically Congress, would write and pass a bill on this subject and then the President would sign it into law.
6. The most important power of the legislative branch is to make laws. In the checks and balances process, the legislative branch makes the laws, the executive branch carries them out, and the judicial branch interprets them to see if they are Constitutional. But, Congress is that first step of the process and that is their main and most serious responsibility.
Hope that helps. Feel free to ask any questions.
