If consumers prefer earlier availability of goods to later availability, they are said to have a __________ rate of time preference.

Name: If consumers prefer earlier availability of goods to later availability, they are said to have a __________ rate of time preference.
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Question

Quizplus · Accepted Answer

When consumers prefer to have goods available sooner rather than later, it indicates they value present consumption more highly than future consumption, which is described by a positive rate of time preference.

If Consumers Prefer Earlier Availability of Goods to Later Availability