The old adage that "a bird in the hand is worth two in the bush" refers to
A) a normal good
B) opportunity cost
C) scarcity
D) a positive rate of time preference
E) a willingness to forgo current consumption in order to achieve increased future consumption
Correct Answer:
Verified
Q20: The rate of time preference is positive
A)only
Q21: A profit-maximizing firm invests up to the
Q22: In order to predict the marginal rate
Q23: If the market interest rate increases, then
A)the
Q24: If the interest rate increases from 6
Q26: If people have a positive rate of
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
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