Which of the Following Does Not Reflect a Positive Rate

question 34

Multiple Choice

Which of the following does not reflect a positive rate of time preference?

• A)Concert-goers yell and scream when the stage is still dark an hour after the concert was scheduled to start.
• B)Borrowers have to pay interest on loans.
• C)A dieter, allowed three ounces of butter per day, spends the whole allotment on her toast at breakfast.
• D)A dieter, allowed three ounces of butter per day, promises himself some new clothes if he can break the habit of spending the whole allotment on his toast at breakfast.
• E)A student stays up late every night for a week to finish her term paper two months before it is due.

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Definitions:

Accidents

Unintentional or unexpected events that cause injury, damage, or loss, often leading to legal implications.

Quasi-Contract

A legal concept where a court imposes a contractual obligation on one party to prevent unjust enrichment at the expense of another party.

Indemnity

A contractual obligation of one party to compensate for the loss or damage incurred by another party.

Wager

An agreement between two parties where the outcome of a specified event leads to the transfer of something of value from the loser to the winner.