Evaluating tort law solely from the standard of economic efficiency,
a. tort law fails at spreading the risk.
b. tort law deters specific behavior
c. tort law punishes bad behavior.
d. none of these is correct
Question 2
Risk aversion is best explained by
a. timidity.
b. increasing marginal utility of income.
c. constant marginal utility of income.
d. decreasing marginal utility of income.