Goods and activities typically are more highly valued the sooner they can be enjoyed, other things constant,

Question

Quizplus · Accepted Answer

This statement reflects the concept of time preference, which is the idea that people generally prefer to have goods and activities sooner rather than later. This preference is not dependent on interest rates or saving behavior, but rather is a fundamental aspect of human decision making. Positive interest rates may provide additional incentive to consume sooner rather than later, but they are not a necessary condition for this preference to exist.

Goods and Activities Typically Are More Highly Valued the Sooner