Near an Ocean Beach, a High-Rise Building Is Being Constructed

question 61

Multiple Choice

Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean for the residents of a low-rise building. The Coase theorem suggests that this type of dispute
Between the owners of high-rise and low-rise buildings

• A) can be resolved by the owners themselves through private bargaining.
• B) has to be resolved by city government officials.
• C) can only be resolved by a zoning ordinance restricting high-rise buildings.
• D) should be resolved by a government fine for the builder of the high-rise.

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Definitions:

Charismatic Leaders

Individuals who inspire, motivate, and potentially exert a strong personal influence on their followers through their personal vision, eloquence, or personal example.

Spheres of Influence

Areas or fields in which a country, organization, or individual has significant power or influence over decisions, actions, and developments.

Ethical Issue

A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Educational Attainment

The highest level of education an individual has completed, often used as a measure of socioeconomic status.