Which of the Following Statements Is True About Malpractice Actions

question 30

Multiple Choice

Which of the following statements is true about malpractice actions?

• A) They are no longer permitted under the Restatement (Third) of Torts.
• B) They generally apply the strict liability standard.
• C) The number of malpractice actions against professionals is rising at a rapid rate.
• D) The number of malpractice actions against manufacturers is rising at a rapid rate.

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Definitions:

Tax Borne

Refers to the entity (consumers, producers, or others) that ultimately pays the economic cost of a tax, regardless of who the tax is initially levied upon.

Subsidy Program

A government initiative designed to support businesses or individuals through financial assistance or tax benefits.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, often used in economics to describe demand curves.

Demand Curves

Graphical representations showing the relationship between the quantity of goods consumers are willing and able to purchase at various prices, typically downward sloping from left to right.