Which of the following does not reflect a positive rate of time preference?
A) Concertgoers yell and scream when the stage is still dark an hour after the concert was scheduled to start.
B) Borrowers have to pay interest on loans.
C) A dieter, allowed three ounces of butter per day, spends the whole allotment on her toast at breakfast.
D) A dieter, allowed three ounces of butter per day, promises himself some new clothes if he can break the habit of spending the
Whole allotment on his toast at breakfast.
E) A student stays up late every night for a week to finish her term paper two months before it is due.
Correct Answer:
Verified
Q21: A profit-maximizing firm invests up to the
Q23: If the market interest rate increases, then
A)the
Q24: Q29: Q29: The difference between income and consumption is Q33: If Arnold has a positive rate of Q35: The interest rate compensates Q37: If the annual interest rate is 5 Q38: A positive rate of time preference means Q39: If the annual interest rate is 4
A)rent
B)profit
C)saving
D)opportunity
A)bankers for their time
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