The economic principle of Time Preference states that people prefer to have something today rather than have the same thing tomorrow. What other economic principle can explain this choice? A. marginal B. opportunity cost C. elasticity
The economic principle of Time Preference states that people prefer to have something today rather than have the same thing tomorrow. What other economic principle can explain this choice? A. marginal B. opportunity cost C. elasticity
Chapter1: Making Economics Decisions
Section: Chapter Questions
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
Transcribed Image Text:The economic principle of Time Preference
states that people prefer to have something
today rather than have the same thing
tomorrow. What other economic principle can
explain this choice?
A. marginal
B. opportunity cost
C. elasticity
-3 - 2021 Acellus Corporation. All Rights Reserved.
%2:
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