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afrah afrah
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6 months ago

The term "positive rate of time preference" suggests that



▸

people prefer more time to do something than less time.



▸

people prefer goods to be available at an earlier time period than at a later time period.



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some people are irrational because they would rather have something now than wait to consume it later when they can enjoy it more.



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interest rates tend to increase over time.



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businesses know that if they invest in capital goods, they will earn profits.

Textbook 
Economics

Economics


Edition: 12th
Author:
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Dark_ShadowDark_Shadow
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6 months ago
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afrah Author
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6 months ago
Thank you, thank you, thank you!
dedricgard
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
lipop
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2 hours ago
Smart ... Thanks!
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