The Rate of Time Preference Is Positive _____

question 50

Multiple Choice

The rate of time preference is positive _____

• A)only when interest rates are positive.
• B)only when interest rates are negative.
• C)only when people save.
• D)when people prefer to save now rather than consume.
• E)when people prefer to consume now rather than later.

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Definitions:

Factorial ANOVA

A statistical test used to determine the effect of two or more categorical independent variables on a continuous dependent variable.

Obtained Value

The actual measured or calculated value resulting from a scientific experiment or survey.

Main Effect

The direct impact of an independent variable on a dependent variable in an experiment.

Factorial ANOVA

A statistical analysis method used to examine the effects of two or more categorical independent variables on one continuous dependent variable, and how their interactions affect the mean of the dependent variable.