The cost- benefit analysis is fraught with difficulty:
A) the best policy is no policy.
B) because economist have a hard time modelling individuals' behaviour.
C) externalities cannot be appropriately dealt with in this framework.
D) because the necessary information is prohibitively costly.
Correct Answer:
Verified
Q4: According to the Coase theorem part 1:
A)property
Q5: Nonprofit firms:
A)have no residual claimants.
B)cannot be analyzed
Q6: In the presence of externalities of any
Q7: Better defined property rights are always preferred
Q8: Holding property rights means that:
A)an individual does
Q10: Positive externalities are created when:
A)farmers spray pesticide
Q11: According to the Coase theorem part I,
Q12: Market demand for a public good is:
A)obtained
Q13: The Coase theorem does not hold when:
A)distortionary
Q14: Private provision of goods can be efficient
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