The Life-Cycle Hypothesis Suggests That People Base Their Consumption on Their

question 75

Multiple Choice

The life-cycle hypothesis suggests that people base their consumption on their:

• A) current incomes
• B) average lifetime incomes rather than their current incomes
• C) temporary incomes
• D) future incomes
• E) past incomes

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Definitions:

Gene-environment Interaction

The complex interplay between genetic predisposition and environmental factors that influence the development and expression of traits and behaviors.

Evolutionary Psychology

A conceptual framework in psychology that seeks to understand beneficial mental and psychological characteristics—like memory, perception, or language—as adaptations, meaning they are functional outcomes of the process of natural selection.

Universal Need

Fundamental requirements that are common to all humans, essential for mental and physical well-being, such as the need for safety, love, and esteem.

Testosterone Levels

The concentration of testosterone, a primary male sex hormone, present in an individual's body, which can influence various biological processes.