Economic theory states that the optimal depletion rate will
a. Imply the extraction of all of a resource now as long as interest rates are positive
b. Increase as the discount rate is raised
c. Decrease as the discount rate is raised
d. Always ignore benefits to future generations
e. Always create excessive pollution
Answer: b. Increase as the discount rate is raised
Economics
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The quantity theory of money argues that, in the long run, the percentage change in money will create an equal percentage change in
A) velocity. B) real GDP. C) potential GDP. D) the price level.
Economics
Which of the following cannot be classified as a market structure?
a. Perfect Competition b. Monopoly c. All of the above d. None of the above
Economics