The Public Policy Behind Products Liability Is Based on Which

question 4

Multiple Choice

The public policy behind products liability is based on which of the following?

• A) Businesses should be held liable for civil wrongdoing.
• B) Businesses should be held liable for criminal wrongdoing.
• C) Businesses manufacturing and selling defective products are in the best economic position to bear the expenses incurred when a faulty product injures an innocent user.
• D) Consumers should use class action suits to seek restitution for faulty products.

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Definitions:

Consumption

The act of using goods and services to satisfy needs and desires, often analyzed in economics and environmental sciences for its effects on society and the planet.

Distribution

in economics, refers to the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labor, land, and capital).

Production

The process of creating, manufacturing, or producing goods and services, involving labor, raw materials, and tools to fulfill human wants or needs.

Post-industrial Societies

Societies characterized by an economy in which the service sector produces more wealth than the industrial sector, emphasizing information technology and knowledge-based activities.