According to the Coase Theorem, Part of What Is Needed

question 108

Multiple Choice

According to the Coase theorem, part of what is needed for private transactions to be efficient is that property rights

• A) need to be defined by the government to avoid producers exploiting high transactions costs.
• B) must be defined, and it is crucial as to who owns the property.
• C) need not be defined as long as there are no transactions costs present.
• D) must be defined, but it does not matter who owns the property.

---

Definitions:

STI

Sexually Transmitted Infections, diseases passed from one person to another through sexual contact.

Sexually Exploited/Abused

involves taking advantage of someone in a sexual manner without consent, often involving power imbalance, manipulation, or coercion.

Invincibility Fable

A cognitive bias often observed in adolescents who believe they cannot be harmed by risky behaviors.

Deductive Reasoning

A reasoning method where a conclusion is drawn from the agreement of several premises, which are typically believed to be true.