For each of the following statements, state whether it is True or False. For those which are True, explain briefly why in a couple sentences.

1. The STP is a more accurate measure of the social discount rate than the social opportunity cost of capital
2. The STP involves a moral judgement over the pure rate of time preference
3. The STP incorporates a preference for smoothing consumption
4. The STP is typically larger if long-run per-capita economic growth is larger