If People Have a Positive Rate of Time Preference, They

question 166

Multiple Choice

If people have a positive rate of time preference, they

• A)must be rewarded for saving
• B)are willing to pay more for a good that saves them money if they hold on to it a long time
• C)prefer to consume in the future when things are cheaper
• D)prefer time deposits to savings accounts
• E)prefer leisure over labor

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