Time Preferences Mean

question 157

Multiple Choice

Time preferences mean

• A) people prefer to have more free time rather than less.
• B) people prefer to have less free time (work more)rather than more (being unemployed).
• C) interest rates are higher for long-term loans than for short-term loans.
• D) people prefer goods sooner rather than later.
• E) people prefer goods later rather than sooner (save the best for last).

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Definitions:

Justify Your Request

Providing sufficient reasons or evidence to support the legitimacy or necessity of a demand or desire.

Grant A Claim

Grant A Claim means to acknowledge or agree to a request, demand, or right, often in legal, consumer service, or policy contexts.

Subject Line

The heading at the top of an email or message that indicates the topic or purpose of the communication.

Repair The Relationship

The process of mending or restoring a broken or strained relationship through communication, understanding, and reconciliation.