How does age affect the amount of income people ...

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How does age affect the amount of income people earn?

Question 2

Which of the following is true of an option?
 a. It is based on market volatility and thus assures a high profit to risk preferring individuals.
  b. It provides the holder the right (but does not obliges him/her) to buy or sell a certain quantity of an underlying asset before its expiration.
  c. The greater the volatility of the underlier's price the less likely that the option will go in the money before it expires.
  d. Options help individuals to minimize their business risks by transferring it to others for a fixed time interval.

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Answer to Question 1

Younger people with few skills tend to make little income when they begin their working careers. Income rises as workers gain experience and on-the-job training. As productivity increases, workers can command higher wages. These wage earnings generally increase up to the age of 50 and fall dramatically at retirement age, around 65.

Answer to Question 2

B

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