In the life-cycle hypothesis of consumption, two individuals with the same age, tastes, family composition, and income will
A) consume the same amount.
B) each consume less the greater is their accumulated wealth.
C) each have positive saving ratios.
D) consume differing amounts if their wealth differs.
D
Economics
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a. differential risk b. innovation c. managerial skills d. existence of monopoly power e. all of the above are factors
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A corporation is legally owned by its
A. chief executive officer. B. board of directors. C. bondholders. D. stockholders.
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