What type of loss does economic loss NOT refer to?

• A. Measurable financial loss
• B. Loss of property value
• C. Emotional distress
• D. Medical expenses

Answer: (C)

Economic loss pertains specifically to measurable financial losses and quantifiable economic impact. It typically includes costs that can be calculated in financial terms, such as medical expenses and loss of property value.

Emotional distress, however, does not fall under the category of economic loss because it relates to psychological impact rather than financial impact. Emotional distress is subjective and cannot be quantified in terms of direct financial measures. Thus, it stands apart from the other choices which are clearly defined losses that result in economic impact.

Understanding the distinction between economic loss and other types of losses, such as non-economic (which includes emotional distress), is crucial in areas such as insurance and legal contexts where calculating damages is required.