The value that society places on consumption that is sacrificed in the present is called
A. social marginal costs.
B. social marginal damages.
C. social rate of discount.
D. social returns.
C. social rate of discount.
Economics
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If a firm fails to provide investors with at least a normal rate of return,
A) it will have a positive economic profit but a negative accounting profit. B) it will not be able to remain in business in the short run. C) it will shut down in the short run but will be able to remain in business in the long run. D) it will not be able to remain in business in the long run.
Economics
An increase in wages raises the opportunity cost of leisure and leads to an increase in the quantity of labor supplied
Indicate whether the statement is true or false
Economics