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AURORKA [14]
2 years ago
10

When a person receives an increase in wealth, what is likely to happen to consumption and saving?

Social Studies
1 answer:
KiRa [710]2 years ago
6 0

When a person receives an increase in wealth then the consumption increases and Savings decreases. This is related to the theory of "Wealth effect".

The wealth effect states that when the wealth of households rises, it results as rise in asset values, such as corporate stock prices or home values, they spend more and stimulate the broader economy.

The theory is dependent on economic behavior of a person that consumers feel more financially secure and confident about their wealth when their homes or investment increase in value. They are made to feel richer, even if their income and fixed costs are the same as before.

To learn more about Wealth Effect, here

brainly.com/question/19592388

#SPJ4

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Which two scenarios are most likely to be granted a writ of certiorari by the Supreme Court?
Scrat [10]

Answer:

When there are conflicting decisions on the same issue by different court of appeals and when there is a rulling based on racial discrimination.

Explanation:

A writ of certiorari is simply an order a higher court such as the Supreme Court gives for them to evaluate the decisions and processes in a lower court. This enables the higher court to ascertain if there are wrongdoings in the process. Cases have been brought to the U.S Supreme Court on a regular basis through this method and they have granted only about 1.1% of over a thousand cases.

Writ of certiorari can be issued when a court of appeals in the U.S has made a decision in court which is conflicting with the decision made by another court of appeals in the same country, on the same issue. The losing party in both scenarios here can appeal to the Supreme Court.

Also, where there is an appeal court ruling that does not favor a citizen on a basis of racial discrimination with no precedent, the decision can be appealed. Similar incident happened in the case by Ricky Brown, Raishawn Morris, Charles Battiste against the City of Oneonta, New work in which it was alleged that the enforcement officials carried their tasks while targeting minority members of the area for interrogation based on race.

8 0
3 years ago
The government places health-risk warnings on cigarette and liquor packages. these warnings serve as a(n):________
olya-2409 [2.1K]

The government places health-risk warnings on cigarette and liquor packages which serve as a negative incentive.

Negative incentives are practices designed to dissuade acts that have been proven to be harmful to any environment. Health-risk warnings on cigarette and liquor packaging are meant to be a negative incentive, to discourage consumption, and to inform consumers of the probable health issues they could cause.

These warnings are not a voluntary action on part of the production companies but rather a legal requirement set by the government in order to dispel their use. The presence of these highly visible warnings on the packaging also protects the production companies from any legal action against them in case of any health issues suffered by the consumer as a direct result of using their product.

You can learn more about negative incentives at

brainly.com/question/2385156

#SPJ4

7 0
2 years ago
Who established Standard Oil Company, used trust to form a monopoly over the oil industry. "Robber baron"
Hunter-Best [27]

John D Rockefeller would be the answer you're looking for :)

3 0
3 years ago
Read 2 more answers
The police arrest Susanne and charge her with arson. She confesses that she committed the crime because she was jealous and hate
finlep [7]

i beleive B would be the correct answer.


7 0
3 years ago
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Tracy, a recent college graduate who earned straight as as a history major, is applying for a job as a legal assistant. although
Vilka [71]
She hopes to land the job because of the SCREENING EFFECT
5 0
3 years ago
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