Which of the Following Is an Example of the Imposition

question 32

Multiple Choice

Which of the following is an example of the imposition of strict liability?

• A) A robber pulls a gun to rob a bank teller.
• B) A burglar breaks into a home to steal jewelry.
• C) A business sells cigarettes to a minor.
• D) A minor shoplifts in a department store.
• E) An adult shoplifts in a department store.

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Definitions:

Utility-Maximizing

A behavioral principle where consumers allocate their income to purchase a mix of goods and services that provides the highest overall utility.

Last Dollar

The final unit of currency spent or invested in a particular context, emphasizing its potential impact or value.

Income Elasticity

The percentage change in the quantity of a product demanded divided by the percentage change in consumer income that caused the change in quantity demanded. It measures the responsiveness of the demand for a good to a consumer’s change in income.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied reacts extremely to a small change in price, indicating infinite responsiveness.