This behavior is an example of Moral hazard
.
Option A
<u>Explanation</u>:
Moral hazard is a behavior occurs when a person increases his/her exposure to risk when insured or have a financial assistance. In this situation ''person takes more risks" because someone else is there to bear cost of risks. In the above situation, Martha used to spend less before but when she got the scholarship she started spending more as having a financial security of scholarship. Other options - pecuniary externality, the paradox of thrif and the free-rider problem are incorrect as do not have any relevance with the case of Martha.
D is the answer for this question
Thrift, industriousness, and respect for elders/ancestors are valued in cultures with <u>a long-term orientation</u>.
<h3>What is a long-term orientation culture?</h3>
A long-term orientation culture favors past, present, and future times.
The idea of a long-term orientation is to foster virtues oriented towards future rewards, especially, perseverance and thrift.
Unlike short-term orientation, which recognizes tradition, preservation of "face," personal steadiness, and stability, long-term orientation orders relationships based on social status.
Thus, Thrift, industriousness, and respect for elders/ancestors are valued in cultures with <u>a long-term orientation</u>.
Learn more about long-term orientation cultures at brainly.com/question/15025376
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North Africa or Northern Africa is the northernmost region of Africa. Geopolitically, the United Nations definition of Northern Africa includes seven countries or territories; Algeria<span>, </span>Egypt<span>, </span>Libya<span>, </span>Morocco<span>, </span>Sudan<span>, </span>Tunisia<span>, and </span>Western Sahara<span>.</span>
