The reward offered to households to refrain from spending their income on current consumption and instead save their income is
A) rent
B) credit
C) utility
D) interest
E) forgone utility
Correct Answer:
Verified
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
Q25: The old adage that "a bird in
Q26: If people have a positive rate of
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
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