Multiple Choice
If the interest rate on saving is 5 percent per period, then the true opportunity cost of being paid $100 next period instead of this period is
A) $5.
B) $105.
C) less than $5 if people suffer from a "defective telescopic faculty."
D) more than $5 if people suffer from a "defective telescopic faculty."
Correct Answer:
Verified
Correct Answer:
Verified
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