If $100 Today Is Worth $150 to You in the Future

question 29

Multiple Choice

If $100 today is worth $150 to you in the future, then you exhibit

• A)A positive time preference
• B)A negative time preference
• C)A neutral time preference
• D)A negative marginal rate of substitution

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Definitions:

Scienter

A legal term referring to the knowledge or intent to deceive, defraud, or manipulate in violation of the law.

Reliance

The act of depending or trusting in something or someone, often used in legal contexts regarding the belief in the truth or certainty of an event or statement.

Criminal Violation

An act that breaches the laws established by federal, state, or local government, leading to prosecution and possible punishment.

Imprisonment

The act of confining someone in a prison or similar facility as a punishment for committing a crime.