Cost of Environmental Quality Programs Can Be Estimated at a Variety

question 14

Multiple Choice

Cost of environmental quality programs can be estimated at a variety of different levels. Perhaps the most straightforward level would be

• A) costs of single facilities.
• B) costs of a local regulation.
• C) costs of regulating an industry.
• D) costs at the national level.

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Definitions:

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, expressed in years.

Today's Dollars

An amount of money adjusted for inflation to reflect current purchasing power, often used to compare money values at different times.

Investment

The allocation of resources, such as capital or time, in anticipation of generating income or profit.

Modified Duration

A measure of the sensitivity of a bond's price to a change in interest rates, adjusting for the fact that the bond's cash flows change as yields change.