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

question 254

Multiple Choice

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

• A) more than
• B) less than
• C) the same as
• D) an amount unrelated to what

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Definitions:

Reinforcement

In psychology and behaviorism, it’s a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Fixed Interval Schedule

A reinforcement strategy in behavioral psychology where rewards are delivered at consistent, predetermined intervals of time.

Administer Rewards

The process of allocating incentives or benefits to individuals or groups based on their performance or achievements.

Uneven

Lacking uniformity, consistency, or equivalence; not even or balanced in distribution or arrangement.