Which One of the Following Does NOT Appear to Contribute

question 17

Multiple Choice

Which one of the following does NOT appear to contribute to economic growth?

• A) innovation
• B) knowledge
• C) protectionism
• D) a system of well-defined property rights

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Definitions:

Strict Liability

A legal principle where a party can be held responsible for damages or harm caused without needing to prove negligence or intent.

Privity of Contract

A legal concept indicating that contracts confer rights and impose obligations only on the parties signing the contract.

Defendant's Liability

The legal responsibility of the defendant in a legal proceeding to compensate for harm caused.

Product Liability Suit

A legal claim against a manufacturer or seller for producing or selling a defective product that caused harm to the consumer.