For the typical consumer, present consumption is
A) preferred to future consumption
B) not preferred to future consumption
C) preferred to future saving
D) not preferred to future saving
E) financed out of present saving
Correct Answer:
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Q5: The production of capital goods, which are
Q6: Most companies that sell CDs by mail
Q7: Saving is
A)helpful for production but not necessary
B)not
Q8: Which of the following is an example
Q9: Which of the following is an example
Q11: If a person produces capital goods, she
Q12: The production of capital is a form
Q13: The opportunity cost of producing capital is
A)decreased
Q14: Goods and activities typically are more highly
Q15: Production cannot occur without
A)saving
B)government
C)a market system
D)low interest
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