An example of moral hazard is
a. workers working diligently even though the boss is not looking
b. health care insured employees forgoing their diet and exercise
c. drivers of safer cars turning their phones off before driving
d. borrowers investing their loan proceeds exactly as the bank requires
b
Economics
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Which of the following would show the LEAST amount of inequality?
A) Measured annual income. B) Measured annual wealth. C) Lifetime income. D) Measured annual income and annual wealth are equally distributed and are more equally distributed than lifetime wealth.
Economics
If products similar to the intermediate good are sold, an approximation to the correct transfer price is
a. average costs b. average fixed costs c. average variable costs d. the market price
Economics