Provide a Short Answer to Each of These Questions

question 61

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Evaluate the proposed requirement that MNCs pay workers at least the legal minimum wage or prevailing industry wage in their overseas factories.

Comprehend the Coase theorem and its conditions for achieving efficient outcomes in the presence of externalities.

Identify how government interventions (e.g., taxes) can affect market outcomes in the presence of externalities.

Analyze the impact of transaction costs on the ability to achieve efficient solutions to externality problems.

Distinguish between the concepts of internalizing externalities and the role of property rights in this process.