An example of moral hazard is

a. people drive as carefully in icy conditions with antilock brakes as without
b. people drive less safely with more airbags than without
c. football players avoid 'spearing' with their heads even with safer helmets
d. people read the medicine warnings as carefully when self-medicating as with a doctor's prescription

b

Economics

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Oligopoly is a type of industry in which firms are independent.

Answer the following statement true (T) or false (F)

Economics

 According to the graph shown, consumer surplus is area:

A. A. B. A + B. C. A + B + C. D. B.

Economics