Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
arpylzr75 arpylzr75
wrote...
Go to Answer
Posts: 135
Rep: 0 0
6 months 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?



▸

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



▸

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



▸

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



▸

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



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
skysdalmtsskysdalmts
wrote...
#1
Posts: 124
Rep: 0 0
6 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

arpylzr75 Author
wrote...

6 months ago
Thank you, thank you, thank you!
jodie1
wrote...

Yesterday
Smart ... Thanks!
missnoname
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1274 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 371
  
 1212
  
 103
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which country would you like to visit for its food?