The Coase Theorem Is Significant Because It

question 136

Multiple Choice

The Coase theorem is significant because it

• A)implies that no transaction costs are associated with solving externalities.
• B)shows that property rights can be assigned.
• C)shows that under certain conditions externalities can be corrected in the market without resorting to nonmarket means.
• D)a and b

---

Definitions:

North America

A continent located in the Northern Hemisphere, largely in the Western Hemisphere, bordered by the Arctic Ocean to the north, the Atlantic Ocean to the east, the Pacific Ocean to the west, and South America to the south.

British Colonists

Individuals from Britain who settled in territories abroad, often establishing colonies that reflected British traditions and governance.

Spanish And French Catholics

Refers to the Catholic communities originating from Spain and France, historically significant for their contributions to religion and global culture.

Enslaved Africans

Individuals from Africa who were forcefully transported to and held in captivity in the Americas to work as slaves, particularly from the 16th to the 19th centuries.