A Person with a Very High Positive Time Preference for Consumption

question 34

Multiple Choice

A person with a very high positive time preference for consumption

• A) will have a high savings rate.
• B) will have a low savings rate.
• C) prefers savings to consumption.
• D) is not as likely to borrow money as other people with lower positive time preference.

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Definitions:

Gang Members

Individuals who belong to gangs, often characterized by their involvement in criminal activities, shared identity, and loyalty to their group.

Mace

A traditional weapon consisting of a heavy head on a shaft, used for close combat; also refers to a modern defensive spray used for personal protection.

Filipino Men

Males of Filipino descent, identified by their cultural, geographical, or national ties to the Philippines.

Police Officers

Members of law enforcement charged with the prevention and detection of crime and the maintenance of public order.