Which of the Following Is a Demerit of the Liability

question 34

Multiple Choice

Which of the following is a demerit of the liability system?

• A) The liability system is costly to operate.
• B) Punitive damages awards are largely governed by strict constitutional guidelines.
• C) The insurance system prohibits firms to insure against the risks of damage awards.
• D) The standard of strict liability assigns too much of the cost of injuries to consumers and too little to firms, distorting the incentives for care.

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Definitions:

Labor Force

The total number of people employed or seeking employment in an economy.

Change To Win

Change to Win is a partnership of American labor unions aiming at revitalizing the labor movement and bringing economic justice to workers through organizing and advocacy.

Recruiting

The process of finding, attracting, and hiring suitable candidates for jobs within an organization, often involving diverse strategies and tools.

Labor Union Membership

The number of workers enrolled in labor unions, organizations that advocate for their interests.