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Completion Status QUESTION 19 What is the pure rate of time preference? The value placed on consumption The social discount r
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Answer- 19 The correct option is b.) The social discount rate.

Pure rate of time preference is the social discount rate.

Answer- 20 The correct option is Rise- the future is worth more.

Low discount rate supports the idea that we must act now to protect future generations from climate change impacts. More importance is given to the future generations.

Answer- 21 The correct option is All of the above

All the given options contribute towards the notion that house prices do not adjust to reflect flood probabilities.

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