Suppose we are comparing two ways of protecting ourselves against mobile source air pollution: putting additional controls
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Suppose we are comparing two ways of protecting ourselves against mobile source air pollution: putting additional controls on the internal combustion engine or developing an entirely different type of engine that is cleaner. How would changes in the discount rate be likely to affect the comparison among these two options?
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The discount rate plays a significant role in evaluating and comparing longterm projects or policy decisions that involve costs and benefits occurring ...View the full answer
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Abdul Wahab Qaiser
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