The Economic Explanation That Is Given by Nobel Laureate Economist

question 29

Multiple Choice

The economic explanation that is given by Nobel laureate economist Ronald Coase for why community property is polluted more often that private property is that

• A)damaging community property indirectly affects individuals' wealth whereas damaging private property directly affects their wealth.
• B)damaging private property indirectly affects individuals' wealth whereas damaging community property directly affects their wealth.
• C)people are not made aware of their actions toward community property.
• D)people ignore what is not right in front of them.

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Definitions:

[H+]

The concentration of hydrogen ions in a solution, which is a measure of the solution's acidity.

K

The chemical symbol for potassium, a soft silvery-white alkaline metal that is essential for many biological processes and is used in numerous industrial applications.

[H+]

The concentration of hydrogen ions in a solution, often used to express the acidity of a solution.

HAc

The chemical formula notation for acetic acid, a colorless liquid organic compound known for its sour taste and pungent smell, represented by CH3COOH.