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Snowcat [4.5K]
3 years ago
12

Digg Deep Inc. makes and leases a backhoe to Estes. Due to a defect attributable to Digg Deep's negligence, Estes is injured in

an accident in which his neighbor Fortis is also hurt. In a product liability suit based on negligence, Digg Deep may be liable to __________.
Business
1 answer:
Rainbow [258]3 years ago
5 0

Answer: Estes and Fortis

Explanation: Product liability suit is the region of legislation in which producers, distributors, suppliers, dealers, and others who make commodities accessible or lease products to the public are held accountable for harms those products cause.

The negligence could occur in the production operation involving low -quality materials, design negligence when the commodity is naturally hazardous or useless hence inadequate despite the care applied when producing it or marketing negligence when the important product instructions and warnings are not given prior to the usage. In this case, Dig Deep Inc. is liable to Estes and Fortis for the injury they sustained from using their product, backhoe.

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3 years ago
The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________
boyakko [2]

Answer:

1.  economic growth;

2.  the size of the economy

Explanation:

According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.

Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.

Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY

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3 years ago
Explain how the political systems of countries differ. Explain how the economic systems of countries differ. Explain how the leg
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<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>

Explanation:

Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.

Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.

In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance,  China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.

Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.

As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.

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3 years ago
Which industry constitutes a larger share of gni for most countries in the region?
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Urban-based industrial and service economies constitutes a larger share of GNI for most international locations in the region.

<h3>Which world areas has the greatest attention of low earnings countries?</h3>

Low-income economies are exceptionally observed in Asia and Africa, the place most of the world's populace lives (World Bank 2011).

<h3>Is GNP and GNI same?</h3>

GNP deducts the phase that leaves the country and offers a more significant indicator of the Irish economy. Gross National Income (GNI) is a comparable measure to Gross National Product. The distinction between them are the subsidies the European Union (EU) pay to us, and the taxes we pay to them.

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1 year ago
For make - or - buy decisons, a supplliers ability to maintain secrecy of intellectual property is considered a?
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For make-or-buy selections, a provider's ability to maintain the secrecy of intellectual property is taken into consideration as an opportunity price.

Intellectual property is a class of property that consists of intangible creations of the human intellect. there are numerous sorts of highbrow property, and a few international locations apprehend extra than others. The quality-recognized types are copyrights, patents, trademarks, and exchange secrets and techniques. intellectual belongings (IP) refers to creations of the mind, consisting of innovations; literary and creative works; designs; emblems, names, and pictures used in commerce.

Examples of the intellectual property consist of a writer's copyright on an e-book or article, an exceptional brand design representing a soft drink agency and its products, unique design elements of a web website, or a patent on a specific technique to, for instance, manufacture chewing gum.

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1 year ago
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