In Neoclassical Economics,the Practice of "Discounting" Is Used to ________________

question 7

Multiple Choice

In neoclassical economics,the practice of "discounting" is used to ________________.

• A)price goods that are in low demand
• B)price goods that are in low supply
• C)dismiss viewpoints that run counter to the main tenets of neoclassical economics
• D)decrease the importance and value of future people and goods
• E)encourage sustainable practices by making it more economically feasible to update sewage treatment plants and municipal landfills

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Definitions:

Critical Evaluation

The systematic process of assessing the merits, faults, value, or significance of something, based on criteria and reasoned arguments.

Majority Rule

A decision-making principle where the option that receives more than half of the votes is selected or agreed upon.

Formal Voting

A structured method of making decisions where members of a group cast votes according to established procedures, often used to achieve consensus or majority.

Majority Rule

A decision-making principle where the option that receives more than half of the votes or support becomes the decision or policy.