A medical student is likely to consume more than a high school student because the

Question

Quizplus · Accepted Answer

Medical students are generally expected to have a higher permanent income than high school students due to higher education and career potential. Therefore, they may have a higher level of consumption. Option A and D are incorrect because both groups may base their consumption on current income, and the question does not provide any information about their income levels. Option B is also incorrect as there is no evidence to suggest that high school students base consumption on permanent income.

A Medical Student Is Likely to Consume More Than a High