A Technological Advance Will Shift the

question 371

Multiple Choice

A technological advance will shift the

• A) supply curve to the right.
• B) supply curve to the left.
• C) demand curve to the right.
• D) demand curve to the left.

---

Definitions:

Life Insurance

A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.

Public Interest

Public Interest refers to the welfare or well-being of the general public and society at large.

Assignable

A quality of a contract or right that allows it to be transferred from one party to another.

Third Party Rights

Rights that are granted to individuals or entities who are not a direct party to a contract or legal agreement but are affected by its provisions.