ThePLIVA,Inc

question 56

Multiple Choice

ThePLIVA,Inc.v.Mensing case discussed in the text,involved theissue of whether the federal law requirement that generic drugs must bear the same FDA-approved labels as their brand-name counterparts preempts state law claims for failure to warn.What was the holding by the US Supreme Court?

• A) That federal law did not preempt state law claims for failure to warn.
• B) That federal law preempted state law claims for failure to warn.
• C) That federal law preempted state law claims for failure to warn based on strict liability but that failure to warn claims based on negligence could proceed.
• D) That federal law preempted state law claims for failure to warn based on negligence but that failure to warn claims based on strict liability could proceed.

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Definitions:

MRTS

The Marginal Rate of Technical Substitution measures the rate at which one input can be substituted for another input in the production process, while keeping output constant.

Pareto Optimality

A distribution of resources where no one can be made better off without causing detriment to at least one other person.

Utilities Possibilities Frontier

A graphical representation that shows the maximum number of goods or services that two countries can produce using their resources efficiently.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.