A Public Policy Reason for Imposing Strict Product Liability on All

question 6

Multiple Choice

A public policy reason for imposing strict product liability on all in the chain of distribution is which of the following?

• A) These parties are able to insure against product liability costs.
• B) These parties should be punished for putting dangerous products on the market.
• C) Consumers should be able to choose dangerous products if they want to.
• D) Negligence was making it too easy for plaintiffs to recover.

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Definitions:

Standard Error

A measure of the accuracy with which a sample distribution represents a population by using the standard deviation of the sample.

Confidence Interval

A set of numbers, taken from sample-based statistics, that is probable to contain the estimated value of an unspecified population parameter.

Population Standard Deviation

A measure of the spread or dispersion of a set of data points in a population.

Sampling Error

The discrepancy between a sample statistic and the actual population parameter, which arises purely by chance from random sampling.