If people are risk averse regarding environmental damages.
a. Low discount rates should be used
b. High discount rates should be used
c. Expected values will overstate ecological damages
d. Irreversible actions should be taken
e. They will generally approve of irreversible projects
f. All of the above.
g. None of the above.
Ans: a. Low discount rates should be used
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A bank's assets consist of $1,000,000 in total reserves, $2,100,000 in loans, and a building worth $1,200,000 . Its liabilities and capital consist of $3,000,000 in demand deposits and $1,300,000 in capital. If the bank is required to keep reserves equal to one-third of deposits, what is the level of the bank's excess reserves? How much money could the excess reserves be used to create in the
banking system as a result? a. zero; zero b. $300,000; $300,000 c. $300,000; $900,000 d. $700,000; $2,100,000
In economics, investment refers to the process of accumulating:
A. capital goods. B. consumer goods. C. money. D. stocks and bonds.