What Type of Torts Occur When the Defendant Takes an Action

question 87

Multiple Choice

What type of torts occur when the defendant takes an action intending certain consequences will result or knowing certain consequences are likely to result?

• A)Strict-liability
• B)Criminal
• C)Liability
• D)Intentional
• E)Negligent

Evaluate trade benefits based on comparative and absolute advantages.

Differentiate between absolute and comparative advantage.

Understand the importance of opportunity cost in trade decisions.

Analyze production possibilities and potential benefits from trade.

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Definitions:

Variable Cost

Expenses that vary in relation to the amount of product or service generated by a company.

Sales Price

The final amount of money charged for a product or service, or the value that consumers are willing to pay.

Optimal Point

The most favorable position or condition that yields the maximum benefit or efficiency in a given situation, such as in investment or production.

Credit Policy

Rules a business adheres to for assessing a customer's eligibility for credit and the stipulations under which it is offered.