Under tort law, compensatory damages are awarded in order to
a. compensate individuals who are injured as a result of the intentional behavior of others.
b. compensate individuals who are injured as a result of the negligent behavior of others.
c. punish those who injure others intentionally
d. to deter others from taking risks
B
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Who is associated with the following summary of the economic way of thinking: "The theory of economics does not furnish a body of settled conclusions immediately acceptable to policy
It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its processer draw correct conclusions." A) Adam Smith B) John Maynard Keynes C) President Harry Truman D) Alfred Marshall
Explain the impact of: 1 . A rent ceiling set below the equilibrium price. 2 . A price floor set above the equilibrium price
Cars produced by General Motors in Mexico would be included in U.S. Gross Domestic Product
a. True b. False Indicate whether the statement is true or false
The shares of GDP taken in taxes by federal, state & local governments
a. have risen steadily in the past 40 years to about 22 percent. b. have dropped steadily in the past 40 years to about 6 or 7 percent. c. grew substantially until the early 1970s and have leveled off at about 10 to 11 percent. d. fell steadily until the early 1970s and has risen steadily since then.