Acontractor used dynamite to loosen a rocky hillside. the blast from the dynamite caused a house foundation to crack. the house was located over a half-mile away from the dynamite site. the contractor was careful when using the dynamite and no allegation of negligence is made. however, the house owner claims the contractor is liable for damage to the foundation. is the house owner correct? explain.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer is a.

by: nicholas dooley

answer decisions made by individual households and firms;