Overvaluing the Present Relative to the Future Is Illustrated in Which

question 136

Multiple Choice

Overvaluing the present relative to the future is illustrated in which statement?

• A) A parent forgoes a family vacation to buy braces for a child.
• B) A parent spends his money on a very expensive piano because he wanted his child to have the best possible instrument for her to practice on as her skills grow.
• C) A parent spends money on elaborate Christmas gifts rather than her child's savings for college.
• D) A tablet is available on sale for $199 today or regular-priced for $299 next month, so because the good will be more expensive next month, the parent purchases the tablet today.

---

Definitions:

Tables

Data arranged in rows and columns for easy reference, comparison, and analysis.

Line Chart

A graphical representation that displays information as a series of data points connected by straight line segments to illustrate trends over time.

Wiki

A collaborative online platform or website that allows users to create, edit, and share content, often used for gathering and organizing knowledge on various topics.

Systematic Arrangement

Organizing or structuring elements in a methodical, logical order to achieve efficiency or clarity.