If You Have a Low Rate of Time Preference, Then

question 52

Multiple Choice

If you have a low rate of time preference, then you

• A)buy goods right now because "you just can't wait."
• B)are willing to save a larger percentage of your income than a person who has a high rate of time preference.
• C)find it difficult to save much of your income because money "just sitting around" is worthless to you.
• D)are willing to borrow money to buy goods now.
• E)a, c, and d

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Definitions:

Agenda Items

List of topics that will be discussed, addressed, or acted upon in a meeting.

Sympathetic Listeners

Individuals who show empathy and understanding when listening to others, often helping them feel heard and supported.

Showing Emotion

The act of expressing feelings such as happiness, anger, or sadness openly through facial expressions, body language, or verbal declarations.

Paraphrasing

The restating of text or speech in one's own words, often to clarify meaning or to present information in a different context.