Which of the following is true regarding damages in tort law?

In tort law, damages are typically awarded to compensate a victim for losses suffered due to another party's wrongful conduct. The correct response reflects that damages can indeed encompass both economic and non-economic losses.

Economic losses refer to quantifiable financial impacts, such as medical expenses, lost wages, and costs related to property damage. These damages can be calculated with relative certainty based on invoices, receipts, and wage statements. Non-economic losses pertain to more subjective damages, including pain and suffering, emotional distress, and loss of enjoyment of life. These types of damages are more challenging to quantify but are nonetheless critical in providing a complete compensation package to the injured party.

This comprehensive nature of damages allows for a more holistic approach to addressing the harm caused by tortious acts, ensuring that victims receive fair compensation for all ways their lives have been adversely affected. Thus, the ability of damages to consist of both economic and non-economic losses underscores the function of tort law in restoring individuals to their pre-injury state as much as possible.