The present value of a stream of net benefits for 20 years will be less than the sum of those benefits unless the social rate of discount is zero.
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Q1: Assuming costs are paid immediately, an increase
Q2: In program budgeting, an agency's program is:
A)its
Q3: A lower discount rate favors more capital-intensive
Q4: The higher the social rate of discount,
Q6: The marginal rate of technical substitution is
Q7: Program budgeting differs from line budgeting in
Q8: The marginal rate of technical substitution (where
Q9: If the marginal social cost of a
Q10: Cost-benefit analysis is a technique for determining
Q11: If increases in agricultural land values are
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