When One Party Suffers Negative External Effects Due to the Actions

question 21

Multiple Choice

When one party suffers negative external effects due to the actions of another party, a lawsuit may not lead to the efficient outcome if:

• A) property rights are not clearly assigned.
• B) the parties have incomplete information.
• C) the legal costs of the lawsuit are too high.
• D) All of the above

---

Definitions:

Future Of Religion

Speculations or theories concerning the evolution, role, and function of religion in future societies and cultures.

Secularization Thesis

A theory that predicts religion would diminish in importance and influence due to modernization and rationalization.

Revised Secularization

A theory suggesting changes in society lead to a decline in the influence of religion, but not necessarily to its complete disappearance.

Weber's Argument

Max Weber’s theoretical framework suggesting that rationalization and bureaucracy shape modern societies, influencing social actions and institutions.