If Arnold has a positive rate of time preference, he desires to
A) save in case of inflation
B) consume now rather than later
C) invest in stocks and bonds
D) invest in education
E) plan for retirement
Correct Answer:
Verified
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
Q32: The reward for forgoing present consumption is
A)rent
B)profit
C)roundabout
Q34: Which of the following does not reflect
Q35: The interest rate compensates
A)bankers for their time
Q36: Interest is a payment for deferred
A)taxation
B)saving
C)consumption
D)investment
E)none of
Q37: If the annual interest rate is 5
Q38: A positive rate of time preference means
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