Which one of the following statements is false? a. Wage-risk analysis can be used to estimate...
Which one of the following statements is false?
| a. |
Wage-risk analysis can be used to estimate the value of a statistical life. |
|
| b. |
Economic studies have concluded that the social rate of time preference is currently around 5%. |
|
| c. |
One method used to determine the discount rate is the rate of return on low-risk investments. |
|
| d. |
The social rate of time preference will increase if the annual growth rate of consumption increases. |
|
| e. |
Economists adjust estimates for inflation by presenting results in real dollars. |
Homework Answers
False statement is;
a. Wage - risk analysis can be used to estimate the value of a statistical life
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Which one of the following statements is false?
a.
Wage-risk analysis can be used to estimate...
The social rate of discount depends on all of the following factors except A. the extent...
The social rate of discount depends on all of the following factors except A. the extent of risk aversion for society as a whole. B. the rate of dissipation. C. the expected rate of real economic growth. D. the "rate of pure time preference" for society as a whole.
The social rate of discount depends on all of the following factors except A. the extent...
The social rate of discount depends on all of the following factors except A. the extent of risk aversion for society as a whole. B. the rate of dissipation. C. the expected rate of real economic growth. D. the "rate of pure time preference" for society as a whole.
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Which of the following is not one of the four fundamental factors affecting the cost of...
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Please explain all questions. Thanks
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The social rate of discount depends on all of the following factors except A. the extent of risk aversion for society as a whole. B. the rate of dissipation. C. the expected rate of real economic growth. D. the "rate of pure time preference" for society as a whole.
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Classify each of the following statements as positive or normative. Positive Normative Statement Firms can increase sales by lowering product prices. Lower tax rates encourage more work and more saving. Economic development should not take place at the expense of social Justice. Society should reduce pollution at all costs. A reduction in the rate of money growth will reduce the rate of inflation. Classify the following topics as relating to microeconomics or macroeconomics. Topic The relationship between the inflation rate...
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