Because of _____, a Court Rules That a Fast-Food Restaurant

question 207

Multiple Choice

Because of _____, a court rules that a fast-food restaurant has a legal obligation to pay damages to a family whose child was injured when it swallowed an unsafe toy that came in a kids' meal box.

• A) consumer compensation
• B) product liability
• C) consumer protection
• D) product quality assurance
• E) pleasing products

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Definitions:

Consumption Bundle

A set of goods or services that a consumer chooses to purchase at a given time.

Good 1

Typically a term used in economics to represent a specific commodity or product in theoretical discussions.

Budget Constraint

A limit on the consumption choices of individuals or entities based on their income and the prices of goods and services, representing all possible combinations of goods and services that can be purchased.

Utility Function

A mathematical representation that ranks individuals' preferences over a set of goods and services to represent satisfaction levels.