The Time- Preference Theory of Interest Was Expounded By-----------

question 28

Multiple Choice

The Time- Preference Theory of Interest was expounded by-----------

• A)John Rae
• B)Alfred Marshall
• C)JM Keynes
• D)JB Clark

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Definitions:

Theory of Planned Behavior

A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes, subjective norms, and perceived behavioral control.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

Scientific Process

A methodical approach to inquiry that involves the systematic observation, measurement, experimentation, formulation, testing, and modification of hypotheses.

Deduction

A logical process where a conclusion follows necessarily from the given premises; moving from general principles to specific instances.