The Fact That People Prefer to Consume in the Present

question 312

True/False

The fact that people prefer to consume in the present rather than the future is referred to as time
preference.

---

Definitions:

1914

Generally references the year notable for the start of World War I, but without additional context, it doesn't apply to a specific key-term related to law or policy.

Enacted

Made into law by official legislative action.

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry.

Vertical Merger

A business integration strategy where companies within the same supply chain but at different stages of production merge.