During an Argument, Sylvia Flew into a Rage and Hit

question 74

Multiple Choice

During an argument, Sylvia flew into a rage and hit her friend Ian in the head with a baseball bat.Which of the following statements is TRUE?

• A)In the normal course of events, Ian could prosecute Sylvia for her crime.
• B)Sylvia breached a civil obligation that she owed to society as a whole.
• C)Sylvia breached a public obligation that she owed to Ian personally.
• D)If a court decides that Sylvia has violated a public obligation, it will probably award damages against her.
• E)Sylvia probably has committed both a tort and a crime.

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Definitions:

Surplus

The situation in which the quantity supplied of a product exceeds the quantity demanded at the existing price.

Binding Rent-Control

A type of rent regulation where the set price ceilings are below the market equilibrium rent, leading to shortages and reduced quality of rental housing.

Transaction Costs

Expenses incurred in the process of making an economic exchange, including search, information, bargaining, decision, policing, and enforcement costs.

Allocation

The process of distributing resources or goods among various uses or people in a systematic way.