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Terry is calculating the present value of a bonus he will receive next year. The process he is using is called:
Natural Capital
The world's stocks of natural assets including geology, soil, air, water and all living organisms.
Pollution Cleanup Costs
The expenses associated with removing pollutants from the environment and restoring natural conditions.
Social Costs
The total cost to society due to an activity or industry, including both direct costs and indirect effects on the environment and human health.
Optimal Level
The most favorable or efficient point or degree of a particular process or condition.
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