The Rate of Time Preference Is Positive

question 48

Multiple Choice

The rate of time preference is positive

• A)only when interest rates are positive
• B)because interest rates are positive
• C)only when people save
• D)because people save
• E)because people prefer goods now to the same goods later

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Definitions:

Official Statistics

Data collected and published by governmental organizations or institutions, often used for analysis and policy-making.

Incidence

The frequency or rate at which certain events or conditions occur, often used in epidemiology to refer to the number of new cases of a disease or illness appearing in a population during a specific period.

Measure

A method or tool used to quantify, evaluate, or assess a particular factor or variable.

Criminal Activity

Acts that violate laws and are punishable by the state, ranging from minor offenses to serious crimes.