True/False
The principle of general average gives a ship's captain an incentive to consider the value of cargo when jettisoning it to prevent a disaster.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q32: The Good Samaritan Rule dictates that if
Q33: In the absence of transactions costs,changes in
Q34: Explain how positive externalities cause a wedge
Q35: According to Pigovian analysis,when is a tax
Q36: A Negative Externality Problem<br><br>Demand for a good
Q38: Redding Railroad is held liable by the
Q39: According to Pigou,the socially optimal quantity<br>A) is
Q40: Transaction costs arise when property rights are
Q41: In the absence of transactions costs,changes in
Q42: Why does a principal-agent problem create transactions