For a typical consumer,present consumption is _____
A) preferred to future consumption.
B) less rewarding than future consumption.
C) equally preferred as future consumption.
D) not preferred to future saving.
E) financed out of present saving.
Correct Answer:
Verified
Q1: The opportunity cost of producing capital goods
Q3: If you would rather risk burning your
Q4: A positive rate of time preference means
Q5: Sally loves to see a movie as
Q6: Identify the correct statement.
A)Savings reduces the current
Q7: Production cannot occur without _
A)saving.
B)government intervention.
C)a market
Q8: The benefit of the production of capital
Q9: If Arnold has a positive rate of
Q10: Banks and other financial institutions _
A)channel savings
Q11: The rate of time preference is positive
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