Answer:Moral Hazard
Explanation:
Definition of 'Moral Hazard' is when there is an financial transactions that occur between two parties and the one who receive this transaction involves themselves in risky spending knowing that what ever negative consequences will result to the other party suffering or incurring the cost and not them. This is common when both parties don't have complete Information about each party. It is not about what is right but about the level of maximum benefits hence the use of morality.
Martha is over spending now because the scholarship will take care of a her spendings.
Answer:
Luther didn't like the fact people could buy indulgences — or reduced punishment after death. ... If you don't know what indulgences are, the Catholic Church's definition is a good place to start: "An indulgence is a remission before God of the temporal punishment due to sins whose guilt has already been forgiven."
His writings were responsible for fractionalizing the Catholic Church and sparking the Protestant Reformation. His central teachings, that the Bible is the central source of religious authority and that salvation is reached through faith and not deeds, shaped the core of Protestantism.
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Answer:
It can be defined as a federation of states with a central government in republican form. In this type of government the central government has no authority to take back the authorities of a state government.
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