If You Are Married, Your Estate Planning Involves

question 143

Multiple Choice

If you are married, your estate planning involves:

• A) the interest of at least two people.
• B) fewer legal requirements.
• C) fewer financial responsibilities.
• D) seeking the services of a securities broker.
• E) only yourself.

Recognize the difference between short-run and long-run elasticity of demand.

Identify factors that make demand more elastic or inelastic.

Understand the impact of price changes on the quantity demanded.

Differentiate between the concepts of supply elasticity and demand elasticity.

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Definitions:

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time as a result of the fertilization of two different eggs by two different sperms.

Genes

Units of heredity made up of DNA that are responsible for the inherited characteristics in living organisms, dictating the development and functioning of organisms.

Selective Breeding

The process by which humans use animal and plant breeding techniques to selectively develop particular phenotypic traits by choosing which typically animal or plant males and females will sexually reproduce.

Eugenics

A set of beliefs and practices aimed at improving the genetic quality of the human population, historically associated with morally controversial methods and ideologies.