The Age-Earning Cycle

question 21

Multiple Choice

The age-earning cycle

• A) is an earnings profile of an individual throughout his or her lifetime.
• B) shows the earnings differences by age and by gender.
• C) depicts differences in the relationship between age and earnings across countries.
• D) shows the average incomes of people broken down by age categories.

---

Definitions:

Ethical Hedonism

A philosophical belief that pleasure or happiness is the highest good and proper aim of human life.

Normative

Normative refers to standards or norms that are used to guide, control, or regulate behavior and beliefs within a society.

Pursuit

The act of following or chasing after something with the goal of catching or achieving it.

Egoism

An ethical theory that treats self-interest as the foundation of morality.