Which of the Following Is NOT a Rationale of Strict

question 61

Multiple Choice

Which of the following is NOT a rationale of strict product liability?

• A) Manufacturers should not escape liability simply because they typically do not sign a formal contract with the end-user.
• B) The law should protect consumers against unsafe products.
• C) Manufacturers should not escape liability simply because they acted negligently as opposed to intentionally.
• D) Manufacturers and sellers of products are in the best position to bear the costs of injuries caused by their products.

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Definitions:

Macroeconomics

The branch of economics that studies overall economic dynamics, such as total national output, income, unemployment, and inflation.

Microeconomics

The branch of economics that studies individual, household, and firm behavior in decision making and allocation of resources.

Aggregate Markets

The entirety of all buyers and sellers in the economy, engaging in the trade of goods and services summed across all individual markets.

Unintended Consequences

The unexpected and unplanned results of a decision or action that may not align with the original goals.