Suppose there is an increase in income. This increase in income would have a direct effect on which of the following?
A) Financial wealth.
B) Housing wealth.
C) Human wealth.
D) Labour wealth.
E) Investment wealth.

Question

Quizplus · Accepted Answer

An increase in income would directly affect human wealth, which refers to the abilities, skills, and knowledge of individuals. More income means more opportunities for education and skill development, leading to an increase in human capital. Financial, housing, labour, and investment wealth may all be indirectly affected by an increase in income, but it is not a direct effect.

Suppose There Is an Increase in Income