The cost of installing a new scrubber on the local electricity generating plant is $1,000,000 (in year zero) and there are no additional operating costs. The scrubber produces $350,000 in benefits due to lower air pollution over three years (and then it must be scrapped/replaced). a.) Assuming a discount rate of 10%, calculate the present value of net benefits (PVNB) for the new scrubber.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.