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Other Fields Homework Help Economics Topic started by: Mairoon on Oct 19, 2017



Title: Suppose two people with the same level of income and wealth have different discount rates. Joe has a ...
Post by: Mairoon on Oct 19, 2017
Suppose two people with the same level of income and wealth have different discount rates. Joe has a very high discount rate and Jim has a very low discount rate. Which one of the following is TRUE?
A) Joe is more likely to borrow than Jim.
B) Joe is less likely to borrow than Jim.
C) Joe and Jim will borrow the same amount.
D) Neither Joe nor Jim would be borrowers.


Title: Re: Suppose two people with the same level of income and wealth have different discount rates. Joe ...
Post by: Chronos on Oct 19, 2017
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