Target-Date Retirement Funds

question 55

Multiple Choice

Target-date retirement funds

• A) change their asset allocation as time passes.
• B) are a simple, but useful, strategy.
• C) function much like hedge funds.
• D) change their asset allocation as time passes and are a simple, but useful, strategy.
• E) All of the options are correct.

Identify conditions under which preferences can be considered incomplete or non-transitive.

Understand the concept of perfect substitutes and perfect complements in consumer preferences.

Comprehend the importance of marginal rates of substitution (MRS) in the context of consumer choice.

Learn how changes in income and prices affect consumer's budget constraints and purchasing power.