Society's Rate of Time Preference Is

question 122

Multiple Choice

Society's rate of time preference is

• A)the extra amount people would be willing to pay to have consumption goods in the future instead of now.
• B)the value that people place on the time saved by purchasing capital goods rather than consumer goods.
• C)the extra amount people would be willing to pay to have consumption goods now instead of the future.
• D)is negative if people prefer present consumption to future consumption.

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Definitions:

Sociological Perspectives

The study of social behaviors and their origins, development, organization, and institutions.

Africville

A historic African Canadian community located in Halifax, Nova Scotia, that faced significant discrimination and was ultimately razed in the 1960s during urban renewal policies.

1890s

A decade in the 19th century, marked by significant events, cultural movements, and technological advancements that influenced future changes.

Canadian Pacific Railway

A historic Canadian transcontinental railway completed in 1885, instrumental in the development and settlement of Canada's Western provinces.