The Proposition That If Property Rights Exist and Are Enforced,then

question 198

Multiple Choice

The proposition that if property rights exist and are enforced,then private transactions are efficient is referred to as the

• A) Coase theorem.
• B) property rights theorem.
• C) pollution rights theorem.
• D) emission rights theorem.
• E) private-market efficiency theorem.

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Definitions:

Manipulate

To control or influence something or someone in a deceitful way, often to one's own advantage.

Insensitive

Showing a lack of awareness or regard for the feelings, circumstances, or needs of others; often resulting in actions or words that can cause offense or hurt.

Silly

Exhibiting a lack of wisdom or judgment; foolish or nonsensical behavior often aimed at provoking laughter.

Skating

The action or activity of gliding on skates, which may refer to ice skates, roller skates, or skateboards.