In the absence of commitment devices, present-biased individuals are never as patient as they intend to be.
Answer the following statement true (T) or false (F)
True
Rationale: Present bias means that, whatever patience level one thinks one will have in the future, it changes when the future becomes the present -- making us less patient than we thought we would be.
Economics
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"LIBID" is the rate at which U.S. banks
A) lend to their best customers. B) borrow Eurodollar market. C) lend in the Eurodollar market. D) borrow in the jumbo CD market.
Economics
An example of an intermediate good would be ________.
A. paper and ink bought by a publishing company B. groceries bought by a dentist for his family C. bricks bought by a homeowner who plans to build a patio in his backyard D. cars bought by a car-rental company
Economics