An Economist Is an Individual Who Would Be Least Able

question 73

Multiple Choice

An economist is an individual who would be least able to answer which research question?

• A) how much of a product is purchased at a specific price
• B) how the tastes and preferences of consumers are determined
• C) what firms decide to produce
• D) how goods and services are distributed to the population
• E) how firms decide to produce a good or service

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Definitions:

Settlor

An individual or entity that creates a trust by legally transferring assets to a trustee for the benefit of beneficiaries.

Trust Created

The establishment of a fiduciary relationship where a trustee holds and manages assets on behalf of a beneficiary.

Constructive Trust

(1) An implied trust in which a party is named to hold the trust for its rightful owner. (2) An equitable trust imposed on someone who wrongfully obtains or holds legal right to property he or she should not possess.

Created

Brought into existence; the act or process of bringing something into being that did not exist before.