To Be Compatible,all Costs and Benefits Should Use the Current

question 3

True/False

To be compatible,all costs and benefits should use the current value of money since variations over time will (a)not affect the return on investment and (b)it is difficult (or impossible)to estimate future value of money.

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Definitions:

Equilibrium Level

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Unemployment

The condition of being without a job, while actively looking for one and being willing to work.

Minimum-wage Laws

Legislation that sets the lowest hourly wage rate that can be paid to workers, intended to protect employees from unduly low pay.

Labor Force

The total number of people employed and unemployed, actively seeking work in an economy.