If Arnold has a positive rate of time preference,he prefers to _____
A) save now to protect himself from inflation.
B) consume now rather than save.
C) invest in stocks and bonds.
D) invest in education.
E) plan for retirement.
Correct Answer:
Verified
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
Q10: Banks and other financial institutions _
A)channel savings
Q11: The rate of time preference is positive
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
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