Jimmy Has in His Backyard a Swimming Pool in Which

question 16

Multiple Choice

Jimmy has in his backyard a swimming pool in which he raises several dangerous species of sharks.The pool does not have a fence around it and neighborhood children frequently visit to watch the sharks without Jimmy's permission.Billy, a 16 year old, made a bet with several of the neighborhood children that he could swim the length of the pool without being injured by the sharks.Billy lost the bet.Now Billy sues Jimmy for his injuries.

• A)Billy can recover because he is a child trespasser.
• B)Billy can recover because he is a licensee.
• C)Billy can recover because he is an invitee.
• D)None of the above.

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Definitions:

Shortage

A situation in which demand for a good or service exceeds its supply in a market.

Equilibrium

Equilibrium is the state in a market where the quantity supplied equals the quantity demanded, resulting in market stability and no incentive for price changes.

Minimum Wage

The lowest legally permissible wage that employers can pay their employees, intended to protect workers from unduly low pay.

Labor Shortage

A situation in which employers are unable to fill vacancies with qualified candidates, often due to a lack of available workers or skills in the labor market.