When Deciding Whether to Engage in an Activity or How

question 54

Multiple Choice

When deciding whether to engage in an activity or how much to do, people should follow:

• A) the law of supply and demand.
• B) the principle of macroeconomics.
• C) the marginal principle.
• D) the principle of microeconomics.

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Definitions:

Actual Cause

Also known as "cause in fact," it is a factor or event that is a direct cause of an occurrence or injury.

Foreseeability Test

A legal principle used to determine if the harm caused was reasonably predictable as a consequence of an action or omission, impacting liability.

Contributory Negligence

Contributory negligence is a legal concept that can reduce or eliminate the plaintiff's right to recover damages if it is found that the plaintiff's own negligence contributed to the harm suffered.

Actual Damages

A sum of money equal to the real financial loss suffered by an injured party. Also called compensatory damages.