The estimated cost of climate damage is _______ if the social discount rate is _______.lower ; lowerhigher ; higherhigher ; lowerhigher ; constant
Question
Solution 1
Higher ; Lower
Step 1: Understanding the Social Discount Rate The social discount rate is a concept used in economics to place a present value on costs and benefits that will occur in the future. A lower social discount rate places a higher value on future costs and benefits, while a higher social Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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