A Public Policy Underlying the Imposition of Strict Product Liability

question 12

True/False

A public policy underlying the imposition of strict product liability is that consumers should be protected against unsafe products.​

---

Definitions:

Trends

General directions in which something is developing or changing, often identified within markets, consumer behaviors, or technological advancements.

Income Inequality

An uneven spread of income among entities like individuals or households participating in an economy.

Wealth

The abundance of valuable resources or material possessions or the control of such assets.

Social Insurance

A government-sponsored program that provides financial protection to individuals against economic risks such as unemployment, disability, and old age.