Which of the following is true A. Longer processes of production are more productive than shorter processes of production B. Elderly people generally have a lower time preference than middle-aged adults C. Unlike their preferences for different goods which are continually changing, people's time preferences usually remain fairly constant through out their lives D. As an individual's time preference falls, he saves a greater proportion of his income
Which of the following is true A. Longer processes of production are more productive than shorter processes of production B. Elderly people generally have a lower time preference than middle-aged adults C. Unlike their preferences for different goods which are continually changing, people's time preferences usually remain fairly constant through out their lives D. As an individual's time preference falls, he saves a greater proportion of his income
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 4SCQ: Edna is living in a retirement home where home where most of her needs are taken care of, but she...
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Which of the following is true
A. Longer processes of production are more productive than shorter processes of production
B. Elderly people generally have a lower time preference than middle-aged adults
C. Unlike their preferences for different goods which are continually changing, people's time preferences usually remain fairly constant through out their lives
D. As an individual's time preference falls, he saves a greater proportion of his income
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