Which of the Following Is True If You Are an Unmarried

question 156

Multiple Choice

Which of the following is true if you are an unmarried couple?

• A)A partner has the same legal rights as a spouse.
• B)Unmarried couples can use the marital deduction.
• C)Estate planning is less important for unmarried couples.
• D)If your partner is not named as the beneficiary,your pension plan proceeds will go to your closest blood relative.
• E)Your partner will always receive your pension even if not named as the beneficiary.

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Definitions:

Goods and Services

The tangible and intangible outputs of an economy that satisfy consumer needs and wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public.

Factor Market

A marketplace for the services of a factor of production (e.g., labor, capital), where firms buy resources they need to produce goods and services.

Circular Flow

An economic model depicting how money moves through an economy between producers and consumers, illustrating the continuous flow of goods and services and financial transactions.