With Respect to Events Like Global Warming Some Economists Suggest

question 13

Multiple Choice

With respect to events like global warming some economists suggest using falling discount rates because

• A) exponential discounting virtually gives no weight to (large) costs incurred far into the future.
• B) exponential discounting weights (large) costs incurred far into the future heavily.
• C) events far in the future do not affect us.
• D) we should not care about costs far in the future.

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Definitions:

Larger Environment

The broader context or setting, including natural, social, economic, and political factors, that influences or shapes the actions and outcomes of individuals or organizations.

Size Advantage

The benefits gained by organizations or entities due to their larger scale of operations, resources, or market presence compared to competitors.

Dominant Culture

The culture of the most powerful group in society, which often sets norms, values, and expectations that are broadly shared.

Shared Actions

Activities or tasks undertaken collaboratively by a group or community with a common goal or purpose.