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In a recent benefit - cost analysis of a proposed regulation that generated positive net benefits in the present but negative net benefits in the
In a recent benefitcost analysis of a proposed regulation that generated positive net benefits in the present but negative net benefits in the future, the government used a social discount rate. If it had instead used a social discount rate, the net present value of the policy would have been if it had used a social discount rate, the net present value would have been
Select one:
a much higher; somewhat higher.
b somewhat lower; much lower.
c much lower; somewhat lower.
d lower; higher.
e somewhat higher; much higher.
f higher; lower.
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