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3 years ago

The wealth effect refers to the fact that

Business

1 answer:

Sloan [31]3 years ago

3 0

Answer:

a. when the price level falls, the real value of household wealth rises, and so will consumption.

Explanation:

A wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts. Also, these informations about the citizens when generated by the government are typically used for formulating economic policies, plan and financial budgets.

Wealth effect is a behavioral economics theory (psychological phenomenon) which states that an increase or decrease in the value of an asset such as bonds, stocks, property, etc., would result in an increase or decrease in consumer spending respectively.

This ultimately implies that, the wealth effect refers to the fact that when the price level falls, the real value of household wealth rises, and so will consumption. Thus, it is mainly focused on examining how a change (increase or decrease) in personal wealth of a household influences (affects) economic growth and by extension consumer spending over a specific period of time.

In conclusion, when there is an overall increase in the performance of an asset, consumer spending would rise and increase ultimately.

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Starfish that reproduce by splitting into pieces are reproducing by what

Kipish [7]

Answer:

The answer is fragmentation

Explanation:

Fragmentation is a form of asexual reproduction in which an organism is split into fragments

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3 years ago

Is buffet correct that it is the role of the federal government to make sure people who work will have enough income to live a

GuDViN [60]

Yes, it is.
I think it is very fair to say that People who work enough hours should at least should not worry about basic needs such as foods, shelter, education, and health. The government could do this through various programs such as minimum wage of a different variant of welfare programs.

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3 years ago

Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Ste

Bingel [31]

Answer:

c. An agency relationship

Explanation:

An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.

In this relationship the agent must consent to the instructions of the person i.e the principle.

Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.

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3 years ago

An independent firm that offers connections and Electronic Data Interchange (EDI) transaction forwarding services to buyers and

weeeeeb [17]

Answer:

Value Added Network

Explanation:

Value Added Network -

It is the service , which is provided by some private firm , so that the company have a secure way to share the data , is referred to as value added network , VAN .

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Hence, from the given information of the question,

The correct term is Value Added Network VAN.

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3 years ago

Use the drop-down menu to complete each statement.

podryga [215]

According to this graph, at $10 the quantity supplied is about 14.

As the price of the good rises, the quantity supplied will be increasing.

In the graph, as the price of the good is rising the quantity supplied is also rising, When the price is $10.00 then the quantity supplied is 14 when the price is $15.00 then the quantity supplied is 24 and when the price is $17.50 the quantity supplied is 30.

The volume of a resource, service, or item that people are prepared and able to sell during a certain time period at a given price. If a good's price increases, more of that good is supplied, all other things being equal. When a product's price declines, less of that product is produced.

Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.

The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa.

Learn more about the Law of Supply here:

brainly.com/question/17805586

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1 year ago