An Increase in the Time to the Promised Future Payment

question 56

Multiple Choice

An increase in the time to the promised future payment ________ the present value of the payment.

• A)decreases
• B)increases
• C)has no effect on
• D)is irrelevant to

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Definitions:

Compatibilism

The thesis that both determinism (in some interpretations) and free action can be true. Determinism does not rule out free action, and the possibility of free action does not require that determinism be false. They are compatible positions.

Kant

Immanuel Kant was an 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern Western philosophy, especially through his doctrine of transcendental idealism.

Practical Reason

The application of our rationality to practical problems—particularly moral problems—the solution to which consists in action (as opposed to a statement or a theory).

Postulate

A fundamental principle or assumption that is accepted without proof, often serving as a basis for developing further theories or arguments.