"I'd rather have $100 now than wait for $100 six months from now." This person
A) displays a negative rate of time preference.
B) displays a positive rate of time preference.
C) displays a zero rate of time preference.
D) displays irrational behavior because the money will be more valuable later.
B
Economics
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A) adjudication B) remuneration C) legislation D) substantiation E) reparation
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What concept implies that a firm's marginal revenue product curve for labor will slope downward in the short run?
a. diminishing marginal returns b. the law of supply c. the law of decreasing cost d. the price equalization principle
Economics