The longer one has to wait for a future payment, the greater the present value it has.
Answer the following statement true (T) or false (F)
False
The present discounted value of a future payment declines with either higher interest rates or longer delays in future payment.
Economics
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Area income increases by 20 percent
a. Quantity demanded at Urban General does not change. b. Quantity demanded at Urban General falls by 10.0 percent. c. Quantity demanded at Urban General rises by 10.0 percent. d. Quantity demanded at St.Elsewhere rises by 7.0 percent. e. There is not enough information to tell what happens to quantity demanded at either hospital.
Economics
Targeting the wealthy in a less-developed country in order to achieve reductions in poverty can drive the wealthy to relocate
a. True b. False
Economics