Answered: rue or False[explain] A)The lower the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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True or False[explain]

A)The lower the discount rate used in allocating future resources, the more emphasis we place on current consumption over conservation for future generations. (Your explanation should include the formula for present value using the discount rate.)

B)Renewable energy sources are expensive relative to nonrenewable ones, and we do not have the infrastructure available to provide for the world’s energy using sources such as wind, water, and solar power. This means adoption of renewable energy has been slow and will continue to be slow in the near future.

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