A positive rate of time preference implies that a person would value
A) receiving $100 today more than receiving $100 one year from now.
B) receiving $100 today less than receiving $100 one year from now.
C) receiving $100 today equally to receiving $100 one year from now.
D) any amount, no matter how small, today more than receiving $100 one year from now.
Correct Answer:
Verified
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