A Medical Student Is Likely to Consume More Than a High

Multiple Choice

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

A) medical student bases consumption on current income while the high school student does not.
B) high school student bases consumption on permanent income while the medical student does not.
C) medical student's permanent income is likely higher than the high school student's permanent income.
D) medical student and the high school student both base consumption on current income.