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Households make four kinds of economic decisions (textbook, pp. 45). Consider two households, one with children aged 6 and 8, and the other with children

Households make four kinds of economic decisions (textbook, pp. 45). Consider two households, one with children aged 6 and 8, and the other with children aged 26 and 28, that are otherwise identical. Using the four economic decision categories (Consumption and saving decisions, investment decisions, financing decisions, risk-management decisions), discuss how these households financial decisions would be similar and how they would be different.

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