Why would the economics discipline assume that generally people have a positive rate of time preference? (mark all that apply) D Future money and present money are the same: a dollar is the same today as it is one year from now. The future is uncertain, so consumers value money today more than money in the future. OYoung 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. Money/resources can be used to innovate and create more value in the future (investment by businesses). Young consumers generally prefer money in the future than money in the present because they are young and have many years ahead of them,

Why would the economics discipline assume that generally people have a positive rate of time preference? (mark all that apply) D Future money and present money are the same: a dollar is the same today as it is one year from now. The future is uncertain, so consumers value money today more than money in the future. OYoung 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. Money/resources can be used to innovate and create more value in the future (investment by businesses). Young consumers generally prefer money in the future than money in the present because they are young and have many years ahead of them,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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