Which of the following statements on dynamic efficiency is correct? a. Dynamic efficiency is the efficient use of resources when it is not necessary to include considerations. b. It compares today’s value to the future value of extracting a resource. c. The future value of a resource does not need to be discounted in order to compare it the value of today’s resource. d. The value of today’s resource needs to be discounted in order to compare its value to the future value of a resource

Which of the following statements on dynamic efficiency is correct? a. Dynamic efficiency is the efficient use of resources when it is not necessary to include considerations. b. It compares today’s value to the future value of extracting a resource. c. The future value of a resource does not need to be discounted in order to compare it the value of today’s resource. d. The value of today’s resource needs to be discounted in order to compare its value to the future value of a resource

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 8SQP

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