Suppose that the government goes into deficit in order to help local school districts build better schools. Does this burden future generations?
The benefits of the project accrue not just to the current generation, but also to future generations. By running a deficit, the government spreads some of the cost to future generations as well.
Economics
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Which of the following expressions gives the present value of future dividends for a company whose current dividend is $5.00 and whose future dividends are expected to grow at rate g?
A) [$5.00(1 - g)]/(i - g) B) [$5.00(1 + g)]/(i + g) C) [$5.00(1 - g)]/(i + g) D) [$5.00(1 + g)]/(i - g)
Economics
Which of the following public policies has (have) the effect of restricting competition?
a. licensing b. patents c. import quotas d. a and b only e. a, b, and c
Economics