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Question 7 From an economic analysis point of view, would you rather

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Question 7 From an economic analysis point of view,
would you rather have $1000 today or in a year? Why?
(Choose all the correct answers) In a year, because I am
sure, I will lose it in the mean time In a year, this way I will
make sure that I won?t spend it on something frivilous
Today because prices may go up in a year and I may not
be able to buy what I can buy today Today because I can
invest it and hopefuly make more money in a year
Solution
In economics point of view person prefers $1,000 today
rather than future. because, pricesprices may go up in a
year and may not able to buy what a person can buy today

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Question 7 From an economic analysis point of view, would you rather have $1000 today or in a year? Why? (Choose all the correct answers) In a year, because I am sure, I will lose it in the mean time In a year, this way I will make sure that I won?t spend it on something frivilous Today because pric ...
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