Using the Messages from the Past Section of This Chapter

question 59

Essay

Using the Messages from the Past section of this chapter as a jumping off point, do you think that environmental dislocations were a major factor in the decline of ancient civilizations? Are our modern societies immune to such dislocations, like global climate change?

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Definitions:

Required Return

The minimum expected return by investors for providing capital to a particular investment, taking into account the risk level.

Market Value

The cost at which an asset or service can presently be transacted in the market.

Taxable

Pertains to financial income or transactions that are subject to taxation by governmental authorities.

Dividends

Dividends are payments made by a corporation to its shareholder members, distributing a portion of the company’s earnings as a reward for their investment.