Eventually, It Was Universally Acknowledged That the First Step to Achieving

question 89

True/False

Eventually, it was universally acknowledged that the first step to achieving a highly productive economy is to create an educational system that is large enough to create a mass labour force and rich enough to train and employ an elite of researchers able to work at the cutting edge of modern science.

---

Definitions:

Discount Factor

A financial metric used to determine the present value of a future cash flow, discounting it for risk and the time value of money.

After-Tax Discount Rate

A rate used in capital budgeting that takes into account the effects of taxes on the project's cash flows.

Straight-Line Depreciation

A strategy for apportioning the cost of a solid asset over its period of utility in uniform annual portions.

Internal Rate Of Return

A metric used in capital budgeting to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows equal to zero.