What Does the Permanent-Income Theory of Consumption Predict You Would

question 20

Multiple Choice

What does the permanent-income theory of consumption predict you would most likely do with $25,000 that you just won on a TV game show?

• A)travel throughout Europe and eat in five-star restaurants
• B)invite all your friends to a big bash
• C)put the money in the bank to finance your next year in college
• D)take a trip to Las Vegas to try and double your winnings
• E)none of the above

---

Definitions:

Adolescent SUD

Refers to Substance Use Disorders occurring in adolescents, characterized by the recurrent use of alcohol or drugs leading to significant impairment or distress.

Older Adult Client

Refers to clients within the mental health, healthcare, or social services sectors who are typically aged 65 years and older, often with unique psychological, physical, and social needs.

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when they hold two or more conflicting beliefs, ideas, or values and they are motivated to reduce this inconsistency.

Behavior Change

Behavior change involves modifying an individual's actions or reactions to achieve a specific outcome, often targeted in therapeutic and health promotion contexts.