Present value is:
A. how much a certain amount of money that will be obtained in the future is worth today.
B. how much a certain amount of money that you have in the present will be worth in the future.
C. the process of accumulation of additional interest paid on interest that has already been earned.
D. how much a certain amount of money needs to be discounted to be meaningful.
A. how much a certain amount of money that will be obtained in the future is worth today.
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Tradable emissions permits:
a. provide polluters with an incentive to take the marginal social cost of pollution into account. b. are a form of subsidy. c. give consumers an incentive to buy from environmental-friendly firms. d. are a type of transaction cost.
Protection of rivers in Idaho is a public good. If the marginal social cost of protecting rivers in Idaho exceeds the marginal social benefit of river protection, is there more than, less than,
or the efficient amount of river protection taking place?