A Positive Rate of Time Preference Means That

question 66

Multiple Choice

A positive rate of time preference means that

• A)time is relative to consumption
• B)consumption in the future is more important than consumption today
• C)consumption today is valued less than consumption in the future
• D)consumption in the future is valued less than consumption today
• E)consumption in the future and consumption today are positively related

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Definitions:

Apoenzyme

The protein component of an enzyme, to which a coenzyme or cofactor must bind to form an active enzyme.

Nonpolypeptide

Referring to molecules that are not composed of peptide bonds and amino acid chains, contrary to proteins.

Coenzyme

An organic non-protein molecule that binds with an enzyme to catalyze a reaction.

Enzyme Activity

The measure of the amount of substrate converted to product by an enzyme in a given time, crucial for biochemical processes.