Which of the Following Holds the Principal-Employer Liable for Any

question 2

Multiple Choice

Which of the following holds the principal-employer liable for any harm caused by the agent-employee during the time that the agent-employee is working for the principal?

• A) Vicarious liability
• B) Responsible liability
• C) Comparative liability
• D) Contributory liability
• E) There is no such concept

Understand the effects of price ceilings and price floors on market outcomes.

Analyze the impact of government subsidies on market prices, quantities, and the distribution of benefits between consumers and producers.

Understand the impact of a tax or subsidy on the selling price of a good and the net price paid by buyers.

Interpret graphical representations of market situations including the effects of various taxes and subsidies.