A Manufacturer Must Exercise "Due Care" to Make a Product

question 41

True/False

A manufacturer must exercise "due care" to make a product safe.

---

Definitions:

Supply And Demand Diagram

A graphical representation of the relationship between the quantity of a good or service that suppliers are willing to offer and the quantity that consumers are willing to purchase at various prices.

Negative Externality

occurs when a product or decision results in a negative effect on a third party who is not involved in the transaction or decision.

Dioxin Emission

Refers to the release of dioxins, which are highly toxic environmental pollutants, into the environment.

Self-Interested

Behavior driven by personal benefit, where individuals act in their own best interest to achieve their personal goals.