3)Positive time preference means interest rates are

a.Always negative

b.Positive or negative depending on whether one is risk-averse

c.Always positive

d.Positive whenever correlations in investments are positive

5) A cash inflow from investing activities could include

a.Proceeds from operating loans

b.Government payments

c.Proceeds from sale of farm products

d.Proceeds from sale of real estate

6) A cash inflow from production activities could include

a.Proceeds from operating loans

b.Government payments

c.Proceeds from sale of farm products

d.Proceeds from sale of real estate

7) Using a higher discount rate will cause the present value of a future amount to

a.increase

b.decrease

c.remain constant

d.increase for short time periods but decrease for time periods of over 10 years