Suppose Molly Has an Income of $35,000 Annually and Has

question 36

Multiple Choice

Suppose Molly has an income of $35,000 annually and has inherited a savings account of $20,000. Wyatt has a job that pays $35,000 annually, but has debts totaling $6,000. Which of the following is true?

• A) We can expect Wyatt and Molly to have equal amounts of consumption this year.
• B) We can expect Wyatt to save more than Molly this year.
• C) We can expect Wyatt and Molly to save the same proportion of their incomes this year.
• D) We can expect Molly to save more than Wyatt this year.

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Definitions:

Attributions

The process by which individuals explain the causes of behavior and events, either attributing them to internal dispositions or external situations.

Fair

Equitable or impartial treatment; justice free from discrimination or bias.

Exposing

The act of making something visible or known, often used in therapeutic contexts to reveal hidden emotions or thoughts.

Product

An item or service created through a process and offered to the market to satisfy a need or want.