If you have a low rate of time preference, then you
A) buy goods right now because "you just can't wait."
B) are willing to save a larger percentage of your income than a person who has a high rate of time preference.
C) find it difficult to save much of your income because money "just sitting around" is worthless to you.
D) are willing to borrow money to buy goods now.
Correct Answer:
Verified
Q24: The supply of loanable funds depends most
Q26: If consumers prefer earlier availability of goods
Q28: The people most likely to save are
Q29: As the interest rate falls,
A)the quantity demanded
Q30: The supply curve of loanable funds is
Q32: Loanable funds are
A)another term for capital.
B)a particular
Q33: The term "roundabout methods of production" refers
Q34: If the interest rate increases, then
A)households will
Q37: A person who greatly prefers present consumption
Q40: Abigail has a high rate of time
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