Why would the economics discipline assume that generally people have a positive rate of time preference? (mark all that apply)多项选择题

A

Young consumers generally have lower income than they expect to have in the future, so money today is more valuable to them than money in the future.

B

Money/resources can be used to innovate and create more value in the future (investment by businesses).

C

The future is uncertain, so consumers value money today more than money in the future.

D

Young consumers generally prefer money in the future than money in the present because they are young and have many years ahead of them.

E

Future money and present money are the same: a dollar is the same today as it is one year from now.

登录即可查看完整答案

我们收录了全球超50000道真实原题与详细解析,现在登录,立即获得答案。

类似问题

A household must decide between consuming today, C1, and consuming tomorrow, C2. The intertemporal budget constraint for this household is: C1 + C2/R = Y1 + Y2/R. The life-time utility function of this household is: U(C1,C2) = log C1 + beta*log C2. If the parameter beta<1, then the household is _____ and _____.    

Bruce has a personal interest rate (discount rate) of 5% when making decisions, and Alfred has a personal interest rate (discount rate) of 8% when making decisions. Based on this information, we know that Bruce places _____ value on the future benefits & costs of his decisions compared with Alfred.

A person who greatly prefers present consumption to future consumption has a(n) __________ rate of time preference.

What was the world's first widely adopted biodiversity policy?

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！