Author Question: The rate of time preference is positive a. only when interest rates are positive b. because ... (Read 137 times)

melly21297 · **on:** Jun 30, 2018

The rate of time preference is positive
a. only when interest rates are positive
b. because interest rates are positive
c. only when people save
d. because people save
e. because people prefer goods now to the same goods later

Question 2

When a country establishes trade restrictions, domestic producers of goods that compete with imported goods
a. always lose in the short run
b. always gain in the long run
c. may lose in the long run if protection stifles innovation and leaves the industry vulnerable
d. may gain in the short run because wages will fall in that industry
e. usually lobby against such restrictions