Which of the following does not reflect a positive rate of time preference?
A) People being willing to pay high prices to see new movies at theaters
B) A bank paying interest on savings accounts
C) Ed saving money for a rainy day
D) Dry cleaners that provide faster service charging more for their service
E) Dan buying the Harry Potter books as soon as they are published
Correct Answer:
Verified
Q13: Most companies that sell CDs by mail
Q27: Interest is a payment for deferred _
A)taxation.
B)saving.
C)consumption.
D)investment.
E)annuity.
Q28: Which of the following would be true
Q39: If the annual interest rate is 5
Q40: A firm's expected rate of return on
Q41: Which of the following is true of
Q42: The Whitmans decided to offer their beach
Q43: A positive rate of time preference means
Q48: The figure given below shows the expected
Q50: If Arnold has a positive rate of
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