Which of the following is an implication of the Coase Theorem?

Government intervention is not always necessary to solve externality problems.

Taxation leads to an efficient allocation of resources regardless of who holds the property rights.

Bargaining cannot lead to an efficient allocation of resources.

Negotiation leads to an efficient outcome if transaction costs are high.

The correct answer is Government intervention is not always necessary to solve externality problems

The Coase Theorem says that, in an economic transaction with externalities, if property rights are well defined and if the transaction costs are low enough, then the private solution is socially optimal, with no need for government intervention to correct the situation. externality, which is a market failure. The government's only role would be to ensure that property rights are well defined and that free trade flows without transaction costs.

the boundarys like convergent divergent and transform it causes subduction

two jet streams that directly affect the formation of weather in the continental part are a polar jet and a subtropical jet. they are responsible for the transportation of weather systems, which directly affect people. the polar front is the boundary between cold air from the north pole and warmer equatorial air. both the polar jet and the subtropical jet blow from the west to the east, and follow the boundary between cold and warm air.

the strongest jet streams are polar jets, while subtropical jets are somewhat weaker.

the right answer is c. the polar jet stream is generaly stronger than the subtropical jet stream.