The rating error that Colby succumb to is the halo effect.
The halo effect is being defined as a type of cognitive bias in which the
person’s overall impression are likely to be responsible of influencing the
person’s character such as his or her feelings and the way the person think.
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.
Answer:
The Answer is Automobiles.
Answer:
D. They run from north to south
Answer:
Pennsylvania is the answer
