Which of the following does not reflect a positive rate of time preference?
A) people being willing to pay high prices to see new movies at theaters
B) a bank paying interest on savings accounts
C) Ed saving money for a rainy day
D) dry cleaners that provide faster service charging more for their service
E) Dan buying the Harry Potter books as soon as they are published
Correct Answer:
Verified
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
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
Q17: Saving is _
A)helpful for production but not
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