Question

If someone wears his or her favorite clothes first, then he or she is most likely...

If someone wears his or her favorite clothes first, then he or she is most likely to have a ________ time preference.

a.

positive
b.

neutral
c.

decreasing
d.

increasing
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Answer #1

assuming that favourite clothes is high value advance according to the individual and if he is consuming the high value at once in the present in the low valued once in the future this means that he is having a positive time preference where in the positive time preference frame and individual consumes high amount in the the present and low amount in the future

Therefore (a) is the answer to this question

Because he has strict choices this is not neutral and because the consumption levels would be same and there is no term called increasing or decreasing time preferences and there is only positive time preference

(b,c,d) are wrong

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