A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost of liability insurance.Many business executives argue that this:

Question

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The increase in the cost of liability insurance makes American businesses less competitive in the global marketplace, as they have to pay higher costs for insurance, which leads to higher prices for their products. This may make them less attractive to consumers compared to products of foreign businesses that have lower production costs.

A Boom in Product Liability Suits and Awards in the United