Which of the following is a benefit of economic growth?
A) reduction in illiteracy
B) reduction in poverty
C) improved health
D) all of the above
D
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Answer the following statement(s) true (T) or false (F)
1. A negligence standard, with the allowance of contributory negligence, always leads to a socially optimal outcome. 2. Strict liability is the liability that exists when it can be proven beyond a reasonable doubt that the defendant was negligent. 3. Negligence is irrelevant when a strict liability standard is applied. 4. The principle of general average gives a ship's captain an incentive to consider the value of cargo when jettisoning it to prevent a disaster. 5. The doctrine of Respondent Superior contends that an employer is sheltered from torts committed against his employees.
The dollar has depreciated if it buys less of a foreign currency.
a. True
b. False
Indicate whether the statement is true or false