The rate of time preference is positive _____
A) only when interest rates are positive.
B) only when interest rates are negative.
C) only when people save.
D) when people prefer to save now rather than consume.
E) when people prefer to consume now rather than later.
Correct Answer:
Verified
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
Q12: Which of the following does not reflect
Q13: Most companies that sell CDs by mail
Q14: What increases with saving?
A)production
B)consumption
C)interest rates
D)time
E)uncertainty
Q15: Explanations for a positive rate of time
Q16: Increased saving today means _
A)more consumption today
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