A Surplus of Wheat

question 129

Multiple Choice

A surplus of wheat

• A)is impossible if people are hungry
• B)is impossible if the price of wheat is below equilibrium
• C)will result in an increase the price of wheat
• D)is unlikely to result in any change in the price of wheat
• E)indicates that the problem of scarcity of wheat has been solved

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Definitions:

Constructive Trust

A legal remedy imposed by a court to prevent unjust enrichment by transferring property from the holder to the rightful beneficiary.

Living Will

A legal document that specifies an individual's preferences regarding medical treatment in situations where they are unable to express informed consent.

Testamentary Trust

A trust that is created by will and therefore does not take effect until the death of the testator.

Constructive Trust

A legal remedy imposed by a court to address wrongdoing or unjust enrichment, creating a fiduciary relationship where the trustee must hold property for the benefit of the beneficiary.