Which one of the following statements is true?
A) Individuals prefer to consume goods right away rather than in the future.
B) Individuals prefer to consume goods in the future rather than right away.
C) The time of consumption is irrelevant to individuals.
D) None of the above.

Question

Quizplus · Accepted Answer

Individuals generally prefer to consume goods right away rather than in the future due to the concept of time preference, which suggests that people value present consumption more than future consumption.

Which One of the Following Statements Is True