All else equal,time preference is the desire to:
A) have goods and services sooner rather than later.
B) delay the purchase of goods and services.
C) have goods and services in retirement years.
D) have goods and services that are made in the current year.

Question

Quizplus · Accepted Answer

Time preference refers to how much an individual values present consumption over future consumption. All else being equal, people generally prefer to have goods and services sooner rather than later, which is reflected in their time preference. Therefore, choice A is the correct answer.

All Else Equal,time Preference Is the Desire To