What Kind of Damages Will Be Awarded When There Is

question 137

Multiple Choice

What kind of damages will be awarded when there is no actual financial loss?

• A) special damages
• B) consequential damages
• C) nominal damages
• D) compensatory damages
• E) There are no damages that a court will award in the absence of an actual financial loss.

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Definitions:

Marginal Social Benefit

The extra advantage to the community that comes from creating or using an additional unit of a product or service.

Pollution

It refers to the introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.

External Costs

Costs that are not reflected in the market price of goods or services, often borne by society.

Efficient

Describes a system or process that operates in a way that maximizes productivity or output with minimal waste or expense.