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
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 8SQP
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Question
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
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
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