Moral hazard occurs when a person's behavior changes in a way that
a. is immoral
b. is inherently dangerous
c. increases the chances of an unfavorable outcome
d. increases the likelihood of profit
e. raises the net welfare of society
C
Economics
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The government uses the buying power of wages in reporting changes in "nominal wages" in the economy
Indicate whether the statement is true or false
Economics
A straight-line demand curve with negative slope intersects the horizontal axis at 200 tons per week. The point on the demand curve at which the price elasticity of demand is 1 corresponds to a quantity demanded
A) of 0 tons. B) of 100 tons. C) of 200 tons. D) that would be negative if a negative quantity demanded were possible.
Economics