Author Question: If people have a positive rate of time preference, they a. must be rewarded for saving b. are ... (Read 104 times)

tuffie · **on:** Jun 30, 2018

If people have a positive rate of time preference, they
a. must be rewarded for saving
b. are willing to pay more for a good that saves them money if they hold on to it a long time
c. prefer to consume in the future when things are cheaper
d. prefer time deposits to savings accounts
e. prefer leisure over labor

Question 2

The losers when the United States institutes trade restrictions include
a. U.S. consumers of imported goods, U.S. producers who use imported intermediate goods, and, if other countries retaliate, U.S. exporters
b. U.S. producers of goods that compete with imported goods only
c. U.S. consumers of imported goods and U.S. producers of goods that compete with imported goods
d. all U.S. producers of all goods and U.S. exporters
e. only U.S. exporters