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:

Budget

An estimate of income and expenditure for a set period of time, often used for planning financial operations.

Font Choice

The selection of font type and size in a written document, which can affect readability and perceived tone.

Question Order

The sequence in which questions are presented in a survey or questionnaire, which can influence respondents' answers.

Dichotomous Questions

Questions that offer a choice between two possible answers—for example, “yes” or “no.”