Understand different types of trusts.

A trust is defined as a fiduciary relationship in which a trustor, gives a trustee, the right to hold assets and/or property titles, for the benefit of a third party, known as the beneficiary. There are many different types of trusts, the two main categories being trusts and irrevocable trusts.

An irrevocable trust is the one that cannot be modified without the beneficiary's permission. The grantor transfers  assets over immediately to beneficiary. In general,  irrevocable trusts do apply to avoid all taxes, while normal or revocable trusts may not do so. In both types of trust, the trustor nmes a beneficiary at time of death.

was the answer correct?

even though you have attached neither the chart nor the generalizations, i have located them online. the right answer is d, since they are asking you about a generalization. you can only infer from the chart that between 2008 and 2009 the number of employed workers decreased significantly (from over 115 millions to 107 millions approximately), which signals some type of economic crisis.