According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?

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According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?

A. population growth leads to rigid land rights
B. participants will organize their transactions
C. violence displacement erosion and poverty are minimized
D. individuals overuse of the biosphere is curtailed

Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

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Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

A. I and III only
B. II and III only
C. I, II and III only
D. I, II , III only IV

Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?

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Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?

A. Russia
B. Saudi Arabia
C. Iraq
D. Venezuela

The Montreal Protocal, signed in 1987 and strengthened in 1990 ?

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The Montreal Protocal, signed in 1987 and strengthened in 1990 ?

A. attains the global optimal level of common property resource
B. relies on internationally tradable emission permits
C. minimizes free riders of public goods
D. reduces ozone depletion through the cutting of chlorofluorocarbon production