Which one of the following statements is true?

a. A low discount rate is always better for environmental protection
b. A high discount rate is always better for environmental protection
c. A discount rate of zero is always best for environmental protection
d. Discounting will decrease the magnitude of future costs and benefits
e. High discount rates should be used to evaluate long-term impacts


Answer: d. Discounting will decrease the magnitude of future costs and benefits

Economics

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C. $20; 20
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Velocity equals GDP __________ the money supply

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Efficiency wages create a

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On average, since 1900 U.S. output has grown roughly ________ times faster than population growth.

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