A 'Tort', Derived from the Latin Word Tortus, Meaning Wrong

question 18

Multiple Choice

A 'tort', derived from the Latin word tortus, meaning wrong or crooked, is:

• A)An act that causes harm to another person and gives that person the right to commence litigation to recover compensation or some other civil remedy.
• B)A legally enforceable agreement.
• C)An act that constitutes breach of a statutory provision, giving rise to statutory liability.
• D)A harmful act or omission that leads to prosecution by the State and punishment of the offender.

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Definitions:

Natural Rate

Often refers to the natural rate of unemployment where the economy is in equilibrium, or the long-term interest rate unaffected by short-term fluctuations.

Unemployment

A situation where individuals who are capable of working and willing to work at current wage rates cannot find employment.

Unemployment Rate

The extent of unemployment in the labor force, represented by those actively seeking employment.

Sectoral Shifts

Changes in economic activity within or across sectors of the economy, often leading to shifts in employment and investment patterns among industries.