Strict Liability for Ultrahazardous Activities Is an Old Concept Going

question 116

True/False

Strict liability for ultrahazardous activities is an old concept going back more than a century.

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Definitions:

M2

A measure of the money supply that includes cash and checking deposits (M1) as well as near money, such as savings deposits and money market securities.

Store of Value

An asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.

Price Level

A measure of the average prices of goods and services in an economy, often used to assess inflation or deflation.

Severe Inflation

An extreme rate of inflation, characterized by a rapid and uncontrollable increase in prices, significantly eroding purchasing power.