Time preferences mean
A) people prefer to have more free time rather than less.
B) people prefer to have less free time (work more) rather than more (being unemployed) .
C) interest rates are higher for long-term loans than for short-term loans.
D) people prefer goods sooner rather than later.
E) people prefer goods later rather than sooner (save the best for last) .
Correct Answer:
Verified
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