In neoclassical economics,the practice of "discounting" is used to ________________.
A)price goods that are in low demand
B)price goods that are in low supply
C)dismiss viewpoints that run counter to the main tenets of neoclassical economics
D)decrease the importance and value of future people and goods
E)encourage sustainable practices by making it more economically feasible to update sewage treatment plants and municipal landfills

Question

Quizplus · Accepted Answer

Discounting is the practice of assigning a lower value to future goods and people. This means that future costs and benefits are considered less important than present costs and benefits when making economic decisions. This approach has been criticized for its implications on intergenerational equity, as it privileges the well-being and interests of current generations at the expense of future generations.

In Neoclassical Economics,the Practice of "Discounting" Is Used to ________________