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:

Psychosexual Stages

Freud's theory on the stages of psychological development in childhood, each associated with a different erogenous zone.

Anal Stage

In psychoanalytic theory, the stage of psychosexual development, from about 18 months to 3 or 4 years of age, in which the physical focus of the libido is located in the anus and associated eliminative organs.

Phallic

Relating to or resembling a phallus, often used in Freudian psychology to describe the developmental stage focusing on the genitals.

Oral

Referring to the initial stage of Freudian psychosexual development, during which the mouth is the primary source of pleasure and exploration.