There Are Two Divorce Laws, a and B

question 149

Multiple Choice

There are two divorce laws, A and B. Under A, it takes only one person to agree to a divorce and the divorce is granted. Under B, it takes two persons to agree to a divorce before it is granted. According to Coase,

• A)there will be the same number of divorces under both laws if transaction costs are zero.
• B)there will be more divorces under law A.
• C)there will be more divorces under law B.
• D)taxes should be imposed on those parties who seek divorces.
• E)subsidies should be granted to those persons who unwillingly get divorces.

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Definitions:

Recreational Activities

Activities carried out during leisure time for enjoyment, amusement, or pleasure, aiming to relax, entertain, and often provide physical or mental health benefits.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives.

Third Places

Public spaces, besides home (first place) and work (second place), where people socialize, like cafes or parks.

Leisure

The enjoyment of free time with activities outside of work and daily responsibilities, often for enjoyment, entertainment, and relaxation.