Hich of the following statements is FALSE about product liability suits brought in strict liability? Most courts will award damages in strict liability only for personal or property loss, not for economic loss. The statute of limitations is longer for suits in strict liability than for lawsuits based on breach of warranty. Under Restatement (Third) of Torts, plaintiffs in strict liability cases need only prove the existence of a manufacturing defect, not that the defect was unreasonably dangerous. Claims filed in strict liability do not have the same notice requirements as claims based on breach of warranty.

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.

What term refers to searching for potential buyersa. follow up b. presentation c. prospecting d. approach this is on apex learning, principles of business, marketing, and financequiz 4.2.2