Which of the following is an example of an economic loss caused by accidents?

Medical expenses are a direct consequence of accidents that can lead to significant economic loss. When an accident occurs, individuals may incur various medical costs for hospital stays, surgeries, rehabilitation, and ongoing treatments. These expenses can place a heavy financial burden on victims and their families, impacting their economic stability.

While loss of life can have significant emotional and societal impacts, it does not directly translate to a measurable economic loss in the same way that medical bills do. Psychological impact pertains more to emotional and mental health challenges rather than tangible financial losses. Traffic tickets, while a financial penalty, are not a consequence of the accident’s severity but rather of behavior or traffic violations that may or may not be related to the accident itself. All these factors can contribute to the wider economic implications of accidents, but medical expenses represent a clear, quantifiable financial impact directly stemming from injury and treatment following an accident.