A Long-Term View for Environmental Management Represents the Time Span

question 6

Multiple Choice

A long-term view for environmental management represents the time span of ________.

• A) 50-75 years
• B) 15 years or more
• C) 5-10 years
• D) 100 years or more

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Definitions:

APS

The Average Propensity to Save, which is the proportion of total income that is saved rather than spent on consumption.

APC

It stands for Average Propensity to Consume, indicating the fraction of income that is spent on consumption rather than savings.

APS

Average Propensity to Save, which is the fraction of income that is saved rather than spent on consumption, calculated as savings divided by disposable income.

APC

Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.