Which of the Following Is True of the Term "Tort

question 73

Multiple Choice

Which of the following is true of the term "tort"?

• A) It is a French word meaning "wrong."
• B) It is a German word meaning "mistake."
• C) It is a Latin meaning "dessert."
• D) It is an English word meaning "negligence."
• E) It is a civil law term meaning "liability."

---

Definitions:

Buyer's Income

Buyer's Income is the total earnings or revenue available to consumers that influences their ability to purchase goods and services.

Burden of a Tax

The economic impact of a tax on the welfare of buyers and sellers, which can affect market behavior and economic efficiency.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes by an infinite amount in response to any change in price.

Perfectly Inelastic

A market scenario where a change in price does not affect the quantity demanded or supplied, often represented with a vertical demand or supply curve.