According to the concept of present value, a $50 barrel of oil today is worth:
A. less than a $50 barrel in 2 years.
B. more than a $50 barrel in 2 years.
C. the same as a $50 barrel in 2 years.
D. the same as a $50 barrel in 2 years, but only if there is no inflation during those 2 years.
Answer: B
Economics
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