64. Why can’t Robinson Crusoe build the \"Net and Stick\" right away? a. It is t

Question

64. Why can’t Robinson Crusoe build the "Net and Stick" right away? a. It is too expensive and he doesn’t have enough money to buy it. b. It will take too long and he can’t save up enough berries. c. He needs to trade in the stick first in order to get the “Net and Stick.” d. He lacks the knowledge to actually build the “Net and Stick.” e. All of the above. 65. Time preference is a way to show: a. the extent to which people value current consumption over future consumption. b. Buying things tomorrow c. Saving d. Borrowing money e. Buying stock of new companies 66. According to the Austrian Business Cycle Theory, an economic collapse is the result of an: a. unsustainable boom. b. unsustainable recession. c. unsustainable trough. d. many market mechanisms that all fail at once. e. All of the above. 67. According to von Mises and the Austrians, there are business cycles because: a. the central bank lowers interest rates. b. low interest rate lead to unsustainable increase in investment. c. capital wears out at an unusually fast rate. d. All of the above. e. Only A and B of the above.

Explanation / Answer

Question 64). Answer :- Option c). He needs to trade in the stick first in order to get the “Net and Stick.”

Question 65). Answer :- Option a). The extent to which people value current consumption over the future consumption.

Question 66). Answer :- Option a). Unsustainable boom.

Question 67). Answer :- Option e). Only A and B of the above.

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