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Mairoon Mairoon
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6 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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#1
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6 years ago
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Mairoon Author
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6 years ago
Thanks
vanna2014
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Yesterday
You make an excellent tutor!
nadiia
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2 hours ago
Thanks for your help!!
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