Multiple Choice
The people most likely to save are those with a
A) low rate of time preference since they only slightly prefer present consumption to future consumption.
B) high rate of time preference since they greatly prefer present consumption to future consumption.
C) low rate of time preference since they greatly prefer present consumption to future consumption.
D) efficient rate of time preference since they do not prefer consuming luxury goods to necessities.
E) roundabout rate of time preference since they don't really care about consuming.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: The current real interest rate is 8
Q54: Which of the following statements is true?<br>A)When
Q55: If suddenly a 4 percent inflation rate
Q56: Which of the following statements is false?<br>A)Interest
Q57: In what sense are profit and loss
Q59: The term "positive rate of time preference"
Q60: Economic rent is<br>A)the payment a renter pays
Q61: A new delivery van will cost a
Q62: Economists generally agree that land rents are<br>A)price
Q63: If X is the actual amount of