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In General,what Are Two Types of Arguments for Government Intervention

question 93

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In general,what are two types of arguments for government intervention into the free flow of trade?


Definitions:

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the plaintiff having to prove negligence or fault.

Majority Rule

A decision-making process where the opinion or decision supported by more than half of the members in a group prevails.

Product Liability

The legal obligation of manufacturers and sellers to ensure their products are not defective or dangerous, and to compensate any harm to consumers from such products.

Restatement (Third) of Torts

A legal document that provides an updated overview and clarification of the law of torts in the United States.

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