Answer:
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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.
From 10th to 13th century, Chinese farming in the South China region was increasingly commercialized.
Explanation:
There was a burgeoning increase in trade during that time. This meant that the agriculture of china was at that time
-- commercialized to a great extent making cash crops more than the ones needed for subsistence.
-- using the cash crops and trading with northern china
--use of old tools but with some moderns arrangements like the till.
--use of a manure style that would be copied across the world
--finding of trade networks in collaboration with south east Asia.
-- a network of multi season crops spread across the land.
Answer:
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Answer:
D
Explanation:
Considering the status of the person involved in the scandal and the journalist does not want to damage the image of the person involved, such information is considered on deep background and utilized without attribution.