When the time horizon of a project under consideration is fairly long, the
difference between private and social discount rates that are within the range of 3 to 5 percent makes an important different.

Question

When the time horizon of a project under consideration is fairly long, the
 difference between private and social discount rates that are within the range of 3 to 5 percent makes an important different.

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The Answer of When the time horizon of a project under consideration is fairly long, the
 difference between private and social discount rates that are within the range of 3 to 5 percent makes an important different.

When the Time Horizon of a Project Under Consideration Is