Suppose There Is an Increase in Income

question 8

Multiple Choice

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.

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Definitions:

Employees and Employers

The relationship between individuals who provide labor (employees) and those who provide compensation for this labor within an organized work environment (employers).

National Labor Relations Act

A foundational statute of United States labor law that protects the rights of employees to organize, bargain collectively, and engage in concerted activities for mutual aid or protection.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including competitors, customers, suppliers, and regulatory settings.

Managerial Labor

Work or tasks performed by managers in organizing, leading, and making decisions for a company or organization.