The lower the discount rate, the higher the present value of a proposed project
a. True b. False
a
You might also like to view...
What economic concepts are represented in the production possibilities model?
What will be an ideal response?
The broadest measure of the price level that includes all final goods and services is
A) the consumer price index. B) the producer price index. C) the wholesale price index. D) the GDP deflator.
If both the MU and MC of flower pots is $1.50 and the MU and MC of coffee cups is $2, then economic efficiency would require
A. increased production of flower pots. B. increased production of coffee cups. C. the price of coffee cups to exceed the price of flower pots. D. the price of flower pots to exceed the price of coffee cups.
A common complaint about environmental law and enforcement is that it
a. applies only to firms that produce goods, not services b. is politically motivated c. doesn't work at all d. can be too burdensome to producers e. still results in some pollution