The Suburbanization of America _______________ Our Dependence on Oil Imports

question 25

Multiple Choice

The suburbanization of America _______________ our dependence on oil imports.

• A)increased substantially
• B)had on effect on
• C)decreased substantially

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Definitions:

Liability Rules

Laws that require A to compensate B for damages that A imposed on B.

Coase Theorem

A principle that asserts that if property rights are clearly defined and transaction costs are low, parties will negotiate to correct externalities without government intervention.

Negotiations

The process by which parties with differing interests arrive at a mutual agreement or compromise through discussion and bargaining.

Liability Rule

A legal framework in which an infringer must compensate the owner for unauthorized use of property, typically applied in cases of copyright or patent infringements.