[:l D 12. You are starving and tell your sister "I am so hungry I would give up my iPhone for a pizza right now.\" Your sister says, "Let's trade. Here is my pizza!\" Your sister has a _ time preference than you haw because 0 weaker; you're willing to make trades proposed by others 0 stronger; she's willing to give up an immediate benet for a long-term one Q stronger; you consider communicating more important than eating 0 stronger; you are able to think more rationally about your choices O weaker; your sister is getting what she wants from you E] D 13. A marketing campaign by a local mall convinces people to spend more money than they did before the campaign. The campaign has successfully 0 caused people to increase their consumption smoothing. 0 caused people to reduce their time preferences. 0 equalized the real and nominal rates of interest. 0 increased the rate of ination. 0 caused people to increase their time preferences. I] D 14. If life expectancy rises because people begin to eat food containing fewer preservatives and chemicals. we would expect O time preference to fall and savings to increase. O time preference to rise and savings to increase. 0 time preference to fall and savings to decrease. 0 time preference to rise and savings to decrease. 0 interest rates to fall to zero. [:l D 15. A child is saving money for a set of Legos but is tempted to buy an ice cream cone. If the child successfully resists buying ice cream and continues to save forthe Legos, she has shown she has a(n) 0 high time preference. 0 low time preference. 0 understanding of consumption smoothing. 0 consumption variance. 0 decrease of wealth