If Bargaining Is Costless,the Assignment of Property Rights for an Externality

question 20

Multiple Choice

If bargaining is costless,the assignment of property rights for an externality

• A)has no impact on the possibility of an efficient outcome and no distributional impact.
• B)has no impact on the possibility of an efficient outcome but does have a distributional impact.
• C)does have an impact on the possibility of an efficient outcome but has no distributional impact.
• D)does have an impact on the possibility of an efficient outcome and does have a distributional impact.

---

Definitions:

Autoworkers

Employees in the automotive industry involved in the production, marketing, and maintenance of automobiles.

General Strike

A large-scale strike action involving workers from multiple industries and professions, typically aiming at achieving political or economic goals.

Congressional Elections

The process by which members of the United States Congress (House of Representatives and Senate) are elected by the public.

Liberal Democrats

Liberal Democrats are members of a political ideology or party that emphasizes individual rights, civil liberties, democracy, and typically advocates for progressive policies on social, economic, and environmental issues.