Is this given critic correct

Reference no: EM131499845

Question: Suppose that the government is debating whether to spend $100 billion today to address climate change. It is estimated that $700 billion of damage will be averted, but these benefits will accrue 100 years from now. A critic of the proposal says that it would be far better to invest the $100 billion, earning an average real return of 5 percent per year, and then use the proceeds in 100 years to repair the damage from climate change. Is this critic correct?

Reference no: EM131499845

Questions Cloud

The flotation cost adjusted initial outlay : The Faraway Moving Company is involved in major plant expansion that involves expenditure of ?$196 million in coming year. flotation cost adjusted initial outla

What are present values of the projects benefits and costs : Bill rides the subway at a cost of 75 cents per trip, but would switch if the price were any higher. His only alternative is a bus that takes five minutes.

Explanation of the trait : Your paper should begin with an explanation of the trait with at least three references. Next you should select an individual that meets the assigned trait

Shareholder have an influence on how a company is managed : Can a small-holding (minor) shareholder have an influence on how a company is managed? What are the main restrictions and are number of shares held relevant?

Is this given critic correct : Suppose that the government is debating whether to spend $100 billion today to address climate change. It is estimated that $700 billion of damage will be.

Applying what you have learned : Research your chosen careers in the Bureau of Labor Statistics Occupational Outlook located

Operate in the marketplace and within your business : Business ethics defines the value system of how you operate in the marketplace and within your business.

Funding for a human services organization : Describe the best decision in response to a 40% reduction in funding for a human services organization.

What are the advantages and disadvantages of mediation : What are the advantages and disadvantages of mediation? Is it likely to be successful? Is it likely to make the parties more or less hostile toward one another?

User Account

All Pages