What Type of Software Can Your Parents Use to Create

question 44

Multiple Choice

What type of software can your parents use to create a will without visiting an attorney?

• A)attorney supernumerary software
• B)legal software
• C)court-documented software
• D)accounting/tax preparation software

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Definitions:

Normal Good

A type of good for which demand increases when income increases, and falls when income decreases, but price remains constant.

Inferior Good

A type of good for which demand decreases as the income of individuals or the economy increases, opposite to what is observed with a normal good.

Law of Supply

It states that, all else equal, an increase in the price of a good or service will lead to an increase in the quantity supplied.

Law of Demand

An economic principle stating that the quantity demanded of a good decreases as its price increases, all else being equal, and vice versa.