Which of the following factors influence the appropriate value for the social rate of discount used in NPV analysis of stock externalities?
A) Expected rate of economic growth
B) Extent of social risk aversion
C) The society's rate of time preference
D) all of the above
D
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Refer to the scenario above. Which country is likely to have lowest life expectancy at birth?
A) Eduland B) Techland C) Neoland D) Ritzland
If the price of a DVD decreases by 50 percent, the quantity demanded increases by 75 percent. The price elasticity of demand is:
A. –1.5 and is inelastic. B. –1.5 and is elastic. C. –0.67 and is elastic. D. –0.67 and is inelastic.
One of reasons the government may choose to spend would be the:
A. real interest rates increase. B. beliefs about what citizens may need. C. government expected to earn a large return on its spending. D. real interest rates decrease.
Refer to the above table. If the marginal revenue product is $21, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?
A. 2; $19 B. 3; $21 C. 2; $21 D. 1; $17