True or false: If the growth rate in profits is less than the interest rate and both are constant, maximizing short term profits is the same as maximizing long term profits. True false question. True False

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 5SCQ: What do the growth accounting studies conclude are the determinants of growth? Which is more...
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True or false: If the growth rate in profits is less than
the interest rate and both are constant, maximizing
short
term profits is the same as maximizing long
term profits.
True false question.
True
False
Transcribed Image Text:True or false: If the growth rate in profits is less than the interest rate and both are constant, maximizing short term profits is the same as maximizing long term profits. True false question. True False
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