If the MPS =

question 161

Multiple Choice

If the MPS = .25, and investment falls from $100 to $75, real GDP will decrease by:

• A)$25.
• B)$75.
• C)$150.
• D)$125.
• E)$100.

Understand the concept of intentional and unintentional torts in various circumstances.

Comprehend the purpose and scope of tort law.

Recognize the standards and burdens of proof in defamation cases, especially concerning public figures.

Understand liability in cases of fraudulent misrepresentation.

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Definitions:

Product Liability Actions

Legal actions taken against manufacturers or sellers for producing or distributing a faulty product that caused harm to the consumer.

Comparative Negligence

A legal principle that reduces the plaintiff's damages based on their percentage of fault in an accident.

Strict Product Liability

A legal doctrine that holds sellers or manufacturers liable for defective products regardless of fault or intent, as long as the product was used as intended.

Manufacturer Actions

Refers to the measures or steps taken by a manufacturer in response to product design, production, marketing, and safety concerns.