Firms have an incentive to practice planned obsolescence,because it increases their volume of sales and gives them higher profits.
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Q5: A perpetuity is a bond with an
Q6: No one benefits when interest rates rise,because
Q7: It would be irrational to promise to
Q8: Future productivity increases will be reflected in
Q9: Artists as a whole would be better
Q11: The present value of a perpetuity falls
Q12: A bond that promises a series of
Q13: Without inflation the real interest rate is
Q14: Increases in interest rates lead to overall
Q15: The market interest rate equals the absolute
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