The use of present value calculations in valuing natural resources is important because it:
A. Ensures that net benefits are minimized over time
B. Permits greater extraction of resources in the future
C. Permits greater extraction of resources in the present
D. Ensures resources are allocated to their best use over time
D. Ensures resources are allocated to their best use over time
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A human resource such as ingenuity can be thought of as
A) part of government spending programs. B) part of a country's endowment. C) a causal factor for aggregate supply shifting left. D) a positive for imports.
Using the information in Table 6.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. B) 38 percent. C) 42 percent. D) 49 percent.
The risk of making a loan is
A) earning profits that are too high and cause higher taxes. B) the risk that lender does not pay. C) the risk that the borrower does not pay. D) called "default risk" when taxes are not paid.
The freely floating exchange rate system has been in effect since
A. 1933. B. 1943. C. 1953. D. 1973.