Which of the Following Would Most Likely Be a Defect

question 64

Multiple Choice

Which of the following would most likely be a defect under 402A of the Restatement of Torts?

• A) A chair produced without inserting the appropriate screws.
• B) A product with a defective design that is nevertheless the "state of the art."
• C) Vodka that is 100 proof and makes people drunk and causes liver damage after years of heavy use.
• D) All of these are defects under 402A.

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Definitions:

Limited Resources

The finite availability of inputs such as labor, materials, and capital, which restricts production capabilities and economic growth.

Unlimited Wants

The concept in economics that human desires for goods and services exceed the available resources, leading to perpetual states of decision making and prioritization.

Economizing Behavior

The tendency of individuals or organizations to attempt to minimize costs or expenses and maximize value.

Scarce Resources

Limited natural resources that are not abundant enough to satisfy all the wants and needs of a population.