A jury award that wildly overstates non-monetary losses can harm the economy primarily because it

Question

Quizplus · Accepted Answer

When juries award large amounts of damages for non-monetary losses, such as pain and suffering, it can cause businesses and individuals to become overly cautious and avoid engaging in transactions, fearing that they too may face large damages if something goes wrong. This can result in a decrease in economic activity and harm the economy as a whole.

A Jury Award That Wildly Overstates Non-Monetary Losses Can Harm