Answer:
b. It refers to the actions people take after they have entered into a transaction that makes the other party to the transaction worse off.
Explanation:
Moral hazard -
It occurs when the person increases their exposure to risk in the case , when the other person bears the cost of the risks .
It can occur when the action of one of the party changes due to the detriment of the other after the financial transaction is done .
hence ,
The correct answer for Moral Hazard is ( b ) .
-inferior wepons
-disease
:)
those are the reasons...
The American Revolution was fought for the rights of individuals against government. By proclaiming the independence of the new united states, the founders of this country deduced that in the Declaration of Independence.
"We hold these truths to be self-evident that all men are created equal.”
