Question: d) Interest rates tend to be higher in developing countries than in developed countries. Assuming that interest rates and discount rates are equal for simplicity,

d) Interest rates tend to be higher in developing
d) Interest rates tend to be higher in developing countries than in developed countries. Assuming that interest rates and discount rates are equal for simplicity, how would higher interest rates affect the attractiveness of investment for energy efficient technologies in developing countries? [5 points]

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