As of 2007, some analysts were concerned that there was a "bubble" in the Australian housing market. Suppose there is a decrease in real estate prices. This fall in real estate prices would have the most direct effect on which of the following types of wealth?
A) Financial wealth.
B) Housing wealth.
C) Human wealth.
D) Labour wealth.
E) Investment wealth.

Question

Quizplus · Accepted Answer

A fall in real estate prices would have the most direct effect on housing wealth, as it refers to the value of one's property. Financial wealth, investment wealth, and labor wealth are not directly tied to real estate prices. Human wealth refers to an individual's future earning potential and is not directly impacted by changes in real estate prices.

As of 2007, Some Analysts Were Concerned That There Was