The U.S. remains the world's economic leader in all respects

Suppose two people with the same level of income and wealth have different discount rates. Joe has a very high discount rate and Jim has a very low discount rate. Which one of the following is TRUE?

A) Joe is more likely to borrow than Jim. B) Joe is less likely to borrow than Jim. C) Joe and Jim will borrow the same amount. D) Neither Joe nor Jim would be borrowers.

Investment in capital goods only makes sense when

a. the capital goods can be used to increase the future output of consumption goods. b. the savings rate of a country is low. c. the interest rate is high and people have a positive rate of time preference. d. economies are organized along capitalist lines.