In order to compare benefits today with future costs, we need to know:
A. the rate of inflation.
B. the uncertainty associated with future benefits and costs.
C. the interest rate.
D. All of these statements are true.
Answer: D
You might also like to view...
A supply curve shows the relation between the quantity of a good supplied and
A) income. Usually a supply curve has negative slope. B) income. Usually a supply curve has positive slope. C) the price of the good. Usually a supply curve has negative slope. D) the price of the good. Usually a supply curve has positive slope.
Suppose that real GDP for 2015 was $10,000 billion and real GDP for 2016 was $11,000 billion. What is the rate of growth of real GDP between 2015 and 2016?
A) 1% B) 2% C) 5% D) 10%
The optimal level of resource use comes when
a. MRP exceeds input price. b. MRP is less than input price. c. MRP equals input price. d. use of the resource exhausts the producer's funds.
If the interest rate is 5 percent, what is the current value of $110 to be received one year from now?
a. $104 b. $73 c. $220 d. $116