Rational people preferring immediate benefits and delayed costs are another way of saying that:
A)money is worth more to us now than in the future.
B)money is worth less to us now than in the future.
C)the value of money does not change over time.
D)rational people have insatiable wants.

Question

Quizplus · Accepted Answer

This statement implies that people prefer to have money now rather than in the future, which indicates that money is worth more to us now than in the future. This is known as the time value of money, where the value of money decreases over time due to factors such as inflation and opportunity cost.

Rational People Preferring Immediate Benefits and Delayed Costs Are Another