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economics

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Need Help on my final exam.
Willing to reward for help.

1. Relate the legal concept of tort to the economic concept of externalities.

2. Does the existence of a tort necessarily mean that economic inefficiency is present? How do
torts differ from other types of externalities?

3. Discuss the effects on efficient behavior of different liability rules, including comparative
negligence. Include in your discussion an analysis of the efficiency of the various rules and discuss
the differing costs of administering the rules.

5. How is the definition of a defective product related to the negligence rule? What aspects of a
strict liability rule for products are similar to contributory negligence under a negligence rule.

6. How may a legal definition of a defect create economic efficiency problems?

8. Explain the legal and economic problems of determining causation and foreseeability in tort law.
Is there a difference between the legal and economic issues involved?

10. When calculating damages for lost economic capacity does it make sense to add so called
¡°hedonic damages¡± to the total lost income as a result of the death of an individual in a tort case?

11. How are intentional torts different from unintentional torts? Why are they treated differently
under the law?

  • economics -

    wow how would u reward anyways you don't know who answers your question or where they live lol

  • economics -

    Here is Writeacher's lesson on "How to Search on the Internet:"

    It looks as if what you need to do is learn how to conduct thorough and effective searches for yourself. That's what research is, and I'm sure that's what your teacher expects you to do -- conduct research. You are searching for information that is so specific that you have to be prepared for the possibility that none of it may be online. Or some may be, and some may not. In addition to searching on the Internet, you also need to make best friends with the reference librarian(s) in your local or college library.

    http://www.sou.edu/library/searchtools/
    At this webpage, you can go immediately to the search sites (first three columns across the top) -- or even better you can scroll down until you see the section called HOW TO SEARCH THE INTERNET. Those are the links to start with. You'll not only learn how to come up with good search terms, but also how to evaluate the webpages you get as results. Some will be good and others will be garbage. You need to know how to tell the difference.

    My favorite way to search is to go to Google's advanced search page
    < http://www.google.com/advanced_search?hl=en > and put my search words or phrases into the first or second search box (either "all the words" or "exact phrase"). However, there many other strategies for searching you can use, and the HOW TO SEARCH THE INTERNET section will help you best.

    Learning HOW to use Google or other search engines can save you time and help you learn to find information efficiently. Here are some websites that can teach you how:

    http://www.lib.berkeley.edu/TeachingLib/Guides/Internet/FindInfo.html

    http://www.sou.edu/library/searchtools/searchtips.html

    http://www.pandia.com/goalgetter/index.html

    http://websearch.about.com/mbody.htm?once=true&COB=home&PM=112_100_T

    ... and one to help you judge whether a particular website's information is worth your time:

    http://www.sou.edu/library/searchtools/evaluate.html

    Happy searching.

    =)http://hanlib.sou.edu/searchtools/

    Sra

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