(Last Word) the U

question 24

Multiple Choice

(Last Word) The U.S. sugar price support program has

• A) cost U.S. consumers much more than it has benefited U.S. sugar producers.
• B) cost U.S. consumers much less than it has benefited U.S. sugar producers.
• C) reduced the price of sugar to U.S. consumers.
• D) increased sugar imports as a percentage of U.S. sugar consumption.

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Definitions:

Volenti Non Fit Injuria

A defence in torts based on the plaintiff’s voluntarily assuming a clear legal risk.

Physical Risk

Refers to the likelihood of bodily harm or injury in a given environment or activity.

Legal Risk

The potential for losses or damages resulting from legal proceedings, actions, or changes in law.

Vicarious Liability

A legal principle where one party is held liable for the actions of another party, such as an employer being responsible for the acts of its employees.