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 ) .
Hello!
American Canadians are Canadian citizens of American descent, or Canadians who identify to some extent with American society. The term is most often used to refer to Canadians who either migrated from or have ancestry in the United States.
So in other words, canadians are not generally american, but are recognised as 'american canadians due to a line of history and ancestral backgrounds, around those regions and states.
Hope this makes a better understanding!
The four different ways by which the constitution may be formally changed included:
1. Proposal by convention of states which is ratified by state convention.
2. Proposal by convention of states which is ratified by state legislature.
3. Proposal by state congress which is ratified by state conventions and
4. Proposal by state congress which is ratified by the state legislature.
The most common one that is always used is proposal by state congress which is ratified by the state legislature.
These four ways are the paths for constitution amendment.
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