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arpylzr75 arpylzr75
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A year ago

Jones has a high rate (of positive) time preference and Smith has a low rate (of positive) time preference. Which man is more likely to take out a loan to buy a car now?



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Smith, because he prefers earlier availability of goods to later availability of goods.



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Jones, because he prefers earlier availability of goods to later availability of goods.



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Smith, because he prefers earlier availability of goods more than Smith prefers earlier availability of goods.



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Jones, because he prefers earlier availability of goods more than Smith prefers earlier availability of goods.



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There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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skysdalmtsskysdalmts
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A year ago
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arpylzr75 Author
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A year ago
Brilliant ツ
yen
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This helped my grade so much Perfect
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This site is awesome
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