If Alexander Has a Positive Rate of Time Preference, He

question 51

Multiple Choice

If Alexander has a positive rate of time preference, he will

• A) prefer to have goods now rather than two years from now.
• B) prefer to have goods two years from now rather than during the current period.
• C) prefer apples to oranges.
• D) be unwilling to pay an interest rate in order to acquire purchasing power now.

---

Definitions:

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions, typically marked by the attainment of a certain age.

Two Thirds

A fraction representing two parts of a whole divided into three equal parts.

Skin Changes

Alterations in the skin’s appearance, texture, or health, which may indicate underlying conditions or the effects of aging.

Cigarette Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug.