Which of the Following Statements Is TRUE

question 314

Multiple Choice

Which of the following statements is TRUE?

• A)Very talented people may have a comparative advantage in everything they do.
• B)Very untalented people have a comparative advantage in something they do.
• C)Very talented people may have a low opportunity cost in most things they do.
• D)Very untalented people may have a high opportunity cost in most things they do.

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Definitions:

Ambulatory

A term pertaining to the ability of a will to be changed by a testator.

Bequest

The act of giving property or money to someone else after one's death through a will.

Devise

In law, a gift of real property by will.

Intestacy Statutes

Laws that determine how a person's property is distributed if they die without a valid will.