A person who greatly prefers present consumption to future consumption has a(n) __________ rate of time preference.
A) low
B) high
C) efficient
D) roundabout
Correct Answer:
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Q32: If the price for loanable funds is
Q33: The term "roundabout methods of production" refers
Q34: If you have a high rate of
Q35: If the return on capital is 12
Q36: The demand curve for loanable funds is
A)upward
Q38: The term "positive rate of time preference"
Q39: If consumers prefer earlier availability of goods
Q40: Abigail has a high rate of time
Q41: Which of the following statements is true?
A)The
Q42: If the nominal interest rate is 5.2
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