According to the Life-Cycle Model

question 126

Multiple Choice

According to the life-cycle model,

• A)saving increases over the typical individual's lifetime
• B)consumption decreases over the life cycle as individual save more for retirement
• C)people with high incomes save a smaller fraction of their incomes than do people with low income
• D)saving and consumption tend to vary in a systematic way over an individual's lifetime
• E)the saving rate for an economy as a whole increases over its lifetime

Recognize the role of categorical propositions in syllogisms.

Apply the rules of syllogism to analyze arguments.

Understand the limitations and scope of categorical syllogisms.

Comprehend the distinctions between dependent and independent premises.