Solved: What are the economic ramifications of running out of crude, Microeconomics

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What are the economic ramifications of running out of crude

1. If one needs to make a $1000 payment in year 5 using a discount rate of 5%, what would the present value be?

2. Is nuclear energy considered to be the solution to pollution?

3. What are the economic ramifications of running out of crude oil? Explain

4. Will the crude oil crisis come about gradually or suddenly? Explain

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Microeconomics: What are the economic ramifications of running out of crude

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