The Primary Purpose of a Prenuptial Agreement Is To

question 1

Multiple Choice

The primary purpose of a prenuptial agreement is to:

• A)protect the wife in the case of a divorce
• B)protect the husband in the case of a divorce
• C)specify how property between the spouses will be divided if there is divorce
• D)allow the couple to save money in the case of a divorce

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Definitions:

Marginal Productivity

The additional output generated by employing one more unit of a particular input, holding other inputs constant.

Diminishing-returns Theory

The principle that says that if one factor of production is increased while others are held constant, the incremental output will eventually decrease.

Wage Disparity

The difference in wages earned by different groups of workers, often arising from factors such as occupation, education, experience, or gender.

Talent and Ability

The natural aptitude or acquired skills possessed by individuals that enable them to perform certain tasks or excel in certain fields.