If people have a positive rate of time preference, they
A) must be rewarded for saving
B) are willing to pay more for a good that saves them money if they hold on to it a long time
C) prefer to consume in the future when things are cheaper
D) prefer time deposits to savings accounts
E) prefer leisure over labor
Correct Answer:
Verified
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Q23: If the market interest rate increases, then
A)the
Q24: If the interest rate increases from 6
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Q27: The reward offered to households to refrain
Q28: The marginal rate of return on investment
Q29: The difference between income and consumption is
A)rent
B)profit
C)saving
D)opportunity
Q30: If we assume that a unit of
Q31: Which of the following does not reflect
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