The Rate of Time Preference Is Positive

question 48

Multiple Choice

The rate of time preference is positive

• A)only when interest rates are positive
• B)because interest rates are positive
• C)only when people save
• D)because people save
• E)because people prefer goods now to the same goods later

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Definitions:

Social Security

A government program that provides financial assistance to people with insufficient or no income, especially the elderly, disabled, and families with dependent children.

Federal Unemployment Taxes

Taxes paid by employers to fund the federal government's oversight of the state unemployment insurance programs.

State Unemployment Taxes

Taxes imposed by state governments on employers to fund unemployment compensation programs for workers who have lost their jobs.

State Unemployment

A form of government insurance for the unemployed, funded by both employers and the government, which provides temporary financial assistance.