The social rate of discount is best approximated by:
a. the cost of government borrowing
b. the opportunity cost of resources taken from the private sector
c. 3 percent
d. 30 percent
e. none of the above
b
Economics
You might also like to view...
If an initial increase in investment spending of $30 caused equilibrium output to increase by $120, what is the value of the MPC?
a. 0.25 b. 0.50 c. 0.60 d. 0.75 e. 0.80
Economics
If an advance in computer technology reduces the need for businesses to hire accountants, students majoring in accounting should expect
a. a lower rate of return on their human capital investment. b. an increase in their employment prospects. c. a higher wage rate than they were expecting when they selected their major. d. an increase in the demand for accountants.
Economics