You Accidentally Run into Your Next Door Neighbor's Fence and Destroy

question 113

Multiple Choice

You accidentally run into your next door neighbor's fence and destroy it. Your neighbor sues you and you are required to pay $1,000 to repair the fence. This is an example of

• A) the Coase theorem.
• B) a liability rule.
• C) an injunction.
• D) the free-rider problem.

---

Definitions:

Cervical Vertebrae

The vertebrae of the neck region, forming the upper part of the spinal column and providing support and mobility to the head.

Ultimate Explanation

Refers to the deepest level of understanding for the reasons behind phenomena, often seeking to explain why things are the way they are in a broad, fundamental way.

Migration

The seasonal or periodic movement of animals from one region or habitat to another, often in search of food, breeding sites, or more favorable climates.

Circadian Rhythm

An internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.