Most People Have a Time Preference

question 50

Multiple Choice

Most people have a time preference.Since this is true,they

• A) must earn interest to consume now (save later)and are willing to pay interest to consume later (save now).
• B) must be paid interest to consume later (save now)and are willing to pay interest to consume now (save later).
• C) are willing to accept simple interest in the short run but only compound interest in the long run.
• D) will accept positive rates of interest on checking accounts and negative rates of interest on savings accounts.
• E) prefer more free time to less free time.

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Definitions:

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Health Care Crisis

A critical state of affairs impacting the provision, quality, accessibility, and affordability of health care services to a population.

Health Care System

A comprehensive organization of institutions, resources, and people intended to deliver health care services to meet the health needs of target populations.

Health Care Crisis

A critical situation affecting the health care system that may involve shortages of resources, inadequate access to services, escalating costs, or other significant challenges impacting public health.