One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is
A) people's personal discount rate is greater in the far future than in the near future.
B) people's personal discount rate is smaller in the far future than in the near future.
C) people's personal discount rate is the same in the far future as in the near future.
D) None of the above.
B
Economics
You might also like to view...
Of the following countries, which is the best example of a command economy?
A) the United States B) Cuba C) Japan D) Brazil
Economics
Jason receives $20,000 per year from the federal government because he is disabled. This is a
A. free rider problem. B. demerit good. C. transfer payment. D. non-rival good.
Economics