题目
题目

Princip of Econ-Microeconomics Quiz 13

多项选择题

Why would the economics discipline assume that generally people have a positive rate of time preference? (mark all that apply)

选项
A.Young consumers generally have lower income than they expect to have in the future, so money today is more valuable to them than money in the future.
B.Money/resources can be used to innovate and create more value in the future (investment by businesses).
C.The future is uncertain, so consumers value money today more than money in the future.
D.Young consumers generally prefer money in the future than money in the present because they are young and have many years ahead of them.
E.Future money and present money are the same: a dollar is the same today as it is one year from now.
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标准答案
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思路分析
To unpack the question, we’re considering why the economics discipline tends to assume people have a positive rate of time preference, and we’re evaluating each statement. Option 1: 'Young consumers generally have lower income than they expect to have in the future, so money today is more valuable to them than money in the future.' This reflects a common intuition in time-preference theory: individuals discount future consumption relative to present consumption due to present needs, uncertainty, and life-cycle income profiles. If current income is low relative to futur......Login to view full explanation

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