1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
How might firms BEST use marginal analysis to determine price and output when there are additional costs related to hiring a new
pantera1 [17]

Answer:

Firms might maximize revenue by raising price or output

Explanation:

Through marginal analysis it is possible to compare the costs incurred with the benefits obtained from some financial strategies, which enables the company to better analyze its strategy in an attempt to maximize its profitability. Through marginal analysis they can maximize revenue by increasing price or output when price and output need to be determined when there are additional costs related to hiring a new worker.

7 0
3 years ago
Read 2 more answers
__________ is a process of social selection in which class advantage and social status are linked to the possession of academic
AveGali [126]

Answer:

"Credentialism"

Explanation:

According to my research on Sociology studies as well as the description provided in the question, I can say that the term that we are describing is called "Credentialism". This means (in simpler terms) that a persons intelligence is measured by the university degrees that the person has.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
The _________ were the upper-class members of Roman society.
Savatey [412]
<span>The answer is c. patricians.  The patricians were the aristocracy class of Rome. Initially they were the only ones who could hold office as well as formulate the laws.  This angered the commoners or plebeians who rose in revolt. This frightened the patricians that they were grant the right to hold office as well.  Through the creation of the Twelve Tablets of Law, it made it clear that the plebeians now officially had the right to hold office like the patricians.</span>
8 0
3 years ago
Samantha is taking a psychology course and wants to do well. Every day she reviews her notes from class and reads the textbook.
Artist 52 [7]

Answer:

short-term

Explanation:

According to my research on different types of memories, I can say that based on the information provided within the question Samantha has stored the information in her short-term memory. This can be said because based on the question Samantha studied every day up to the day of the exam (short term) therefore she had the information clear in her mind for the test.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
A scene size-up helps you determine all of the following EXCEPT: A. If EMS has been called B. What happened C. If dangerous haza
Nostrana [21]

Answer:

(D) If any bystanders are available to help

Explanation:

The purpose of scene size-up is to expeditiously ensure that there is a safe scene on which to provide care, and that the proper resources are summoned to the scene according to the number of patients and their specific care needs. Scene size-up is the initial evaluation of the scene by an EMT. The first action or primary concern of an EMT when arriving at the scene is their own safety.

8 0
3 years ago
Other questions:
  • What does it mean when a part of the population is​ under-represented?
    14·1 answer
  • The Grand Canyon is an example of
    7·1 answer
  • Why did the battle of manila bay happen?
    13·1 answer
  • What are the advantages and disadvantages of specilisation? please evaluate on points? ​
    6·1 answer
  • What was the major reason for the colonization of the Americas by Europeans?
    10·1 answer
  • What are two things you can do to bring awareness to many teens about driving under the influence?
    15·2 answers
  • Suggest reasons for the increase in extinction rates in recent decades
    10·1 answer
  • Three practical strategies that the media could introduce to discourage violent behavior among communities during protest action
    8·2 answers
  • Write 10 sentences using the conjunction for, and, nor, but, or, yet, so.
    15·2 answers
  • Hello! Please help me out!
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!