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finding these type of questions a bit bard to understand _2- According to the lCoase Theorem (a) Resources will be allocated eiciently regardless of the

finding these type of questions a bit bard to understand

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_2- According to the lCoase Theorem (a) Resources will be allocated eiciently regardless of the assignment of property rights. (b) The distribution of wealth will vary depending on the assignment of property rights. (c) In externality settings, the distinction between \"injurer\" and \"victim\" is arbitrary. (d) All of the above. _3- In order to use its power of eminent domain to take a piece of land, the government must (a) Demonstrate that the land will be put to \"public use" and pay 'just compensation\"- (b) Argue that the current owner is using the land inefciently. (c) Show that the owner's use is imposing an externality. (d) None of the above. _ 4. The correct economic justication for eminent domain is (a) The holdout problem. (b) The 'eerider problem. (c) Provision of a public good. (d) None of the above. 5- Which of the following is not a test courts have used to determine whether compensation is due for a government regulation: (a) The diminution of value test (b) The allornothjng rule. (c) The physical invasion test. (d) The noxious use doctrine

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