According to the Life-Cycle Theory of Consumption, People Tend to ________

question 134

Multiple Choice

According to the life-cycle theory of consumption, people tend to ________ during their main working years.

• A) save
• B) dissave
• C) consume more than they earn
• D) accumulate negative wealth

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Definitions:

Voluntary Control

Voluntary control refers to the ability to consciously control movements, thoughts, or actions, as opposed to automatic or reflexive responses.

Orphans

Children who have lost both parents through death or have been abandoned by their parents.

Brain Development

The process involving the growth and maturation of the brain, including changes in size, complexity, and functionality.

Prefrontal Cortex

The front part of the frontal lobes of the brain, associated with decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.