If Arnold has a positive rate of time preference, he desires to
a. save in case of inflation
b. consume now rather than later
c. invest in stocks and bonds
d. invest in education
e. plan for retirement
Question 2
Which of the following is not an argument often made for the imposition of trade restrictions?
a. trade restrictions are necessary for national defense purposes
b. trade restrictions are necessary to improve economic efficiency
c. trade restrictions are necessary to protect fledgling industries
d. trade restrictions are necessary to protect against dumping
e. trade restrictions are necessary to protect jobs
someones got a case of the Mondays...
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