When a Person Receives an Increase in Wealth,what Is Likely

question 17

Multiple Choice

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

• A)Consumption increases and saving increases.
• B)Consumption increases and saving decreases.
• C)Consumption decreases and saving increases.
• D)Consumption decreases and saving decreases.

---

Definitions:

E-Contract

A contract that is created, signed, and maintained in digital form, often facilitated through electronic means like websites or email.

Clickwrap Contracts

Agreements where acceptance is expressed by clicking a button or checking a box indicating agreement to the terms before proceeding with a service or transaction.

Unenforceable

A term describing a contract or clause that’s legally invalid and cannot be enforced in court.

Enforceable Agreement

A legally binding contract recognized by law, whereby the parties involved are obligated to fulfill the terms.