Multiple Choice
Sarah and Diane are both billing clerks for the local trucking company earning $17,000 per year. Sarah is attending college, plans to graduate in one year and earn $55,000 as an economist. Diane is not in college or undergoing any specialized training and will have the same job next year. According to economic theory, which of the two individuals would tend to have a higher current savings rate?
A) Sarah
B) Diane
C) Both will have the same saving rate.
D) Economic theory sheds no light on this question.
Correct Answer:
Verified
Correct Answer:
Verified
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