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

A positive rate of time preference means that individuals value goods and services more in the present than in the future. This leads them to prefer earlier availability of goods to later availability.

If Consumers Prefer Earlier Availability of Goods to Later Availability