Jones Has a High Rate (Of Positive) Time Preference and Smith

question 100

Multiple Choice

Jones has a high rate (of positive) time preference and Smith has a low rate (of positive) time preference. Which man is more likely to take out a loan to buy a car now?

• A)Smith, because he prefers earlier availability of goods to later availability of goods.
• B)Jones, because he prefers earlier availability of goods to later availability of goods.
• C)Smith, because he prefers earlier availability of goods more than Smith prefers earlier availability of goods.
• D)Jones, because he prefers earlier availability of goods more than Smith prefers earlier availability of goods.
• E)There is not enough information to answer the question.

---

Definitions:

Gender Typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes of members of the sex they identify as.

Social Modesty

the practice or quality of behaving and dressing in a way that avoids attracting sexual attention or offense in social contexts.

Secondary Sex Characteristics

Nonreproductive sexual traits, such as female breasts and hips, male voice quality, and body hair.

Conversation

The informal exchange of ideas, information, and thoughts between two or more people, either verbally or in written form.