Examlex
According to the Arguing History video in section 12.6,which of the following provides the strongest evidence that American democracy has expansionist tendencies?
Coase Theorem
A principle that suggests that if property rights are well-defined and transaction costs are negligible, parties will negotiate to correct externalities without the need for government intervention.
Externality Problems
Issues arising when the actions of individuals or firms have effects on third parties that are not reflected in market prices.
Cost-Benefit Analysis
An organized method for assessing the positives and negatives of various alternatives, aimed at finding the optimal solution that maximizes benefits and maintains savings.
Pollution Rights
Permits or allowances that authorize the holder to emit a certain amount of a pollutant, used in regulatory approaches to manage environmental impacts.
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