Examlex
To calculate present value of an amount, two factors are required: The ________ and the________.
Equitable
Fair or impartial in treatment or judgment without bias or favoritism.
Efficient
When resources are used in a way that maximizes the production of goods and services without wasting any resources.
Birthday Cake
A special cake prepared and decorated to celebrate someone's birthday.
Gains from Trade
The increase in welfare or overall efficiency that arises from individuals or nations engaging in voluntary exchange or trade.
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