The People Most Likely to Save Are Those with a

question 58

Multiple Choice

The people most likely to save are those with a

• A)low rate of time preference since they only slightly prefer present consumption to future consumption.
• B)high rate of time preference since they greatly prefer present consumption to future consumption.
• C)low rate of time preference since they greatly prefer present consumption to future consumption.
• D)efficient rate of time preference since they do not prefer consuming luxury goods to necessities.
• E)roundabout rate of time preference since they don't really care about consuming.

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Definitions:

Prehistoric Cultural Sites

Locations that provide archaeological evidence of human activity and habitation before recorded history or the advent of written language.

Recent Lava Flows

Molten rock that has erupted from a volcano and solidified on the earth's surface in the recent geological past.

Angular Unconformity

A geological feature where newer layers of sediment or rock rest upon older layers that have been tilted or folded, indicating a significant change in depositional environments.

Rocks Folded

refers to the bending and curving of rock layers under pressure, without the layers breaking.