Listen What is the name of the principle that suggests that when property rights are well defined, externalities will be internalized? Coase theorem O The Environment Canada Act O The Cap and Trade System O An Inconvenient Truth Question 7 (1 point) ) Listen Positive externalities lead to an underallocation of resources relative to the amount that is socially desirable. O True O False Question 8 (1 point) Listen An example of a public good is a flood-control project that protects all the homes and properties near a river. O True O False Question 9 (1 point) 1) Listen Which of the following is the best example of a public good? O telephone service an amusement park O city street lights O a national system of healthcare Question 10 (1 point) Listen What is the term for the benefit that your neighbour receives when you landscape your front yard? a positive externality OO an external cost a social externality O social efficiency