A positive rate of time preference means that _____
A) as time progresses, people value consumption more than saving.
B) consumption in the future is more important than current consumption.
C) current consumption is valued equally as consumption in the future.
D) consumption in the future is valued less than current consumption.
E) consumption in the future and consumption today are positively related.
Correct Answer:
Verified
Q1: The opportunity cost of producing capital goods
Q2: For a typical consumer,present consumption is _
A)preferred
Q3: If you would rather risk burning your
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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