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.
Cats have several natural instincts, I will list several of them:
- To clean themselves: In the wild, cats can get dirt on themselves and will usually lick themselves (or others) to clean up. However, since house cats do this also without training, it is a natural instinct.
- To hunt for prey: If you've played with a cat or kitten before, you'll notice that they can pounce on different toys. This is because it is their natural instinct to pounce on prey
- To eat: Like all animals, cats need to eat. Thus, they will react to the scent of food or any sign of edible prey.
These are several instincts that I can remember from experience. Let me know if you need any more or if you need any clarifications, thanks!
~ Padoru
The correct answer is C.
A natural monopoly is a market situation in which a single firm serves the whole market, therefore it is the only producer of a certain good or service, due to the fact that there exist some natural conditions which establish huge barriers for new competitors entering in the market, in the sense of extremely large fixed costs.
In such a case there is no market competition, therefore the monopoly can decide on the quantity supplied and on the price of the products (usually establishing a much higher one that if there was competition). Such a situation is harmful for consumers. They purchase products at a higher price and with lower quality because, as there is no competition, producers are not forced to continuously develop and improve their products. This is why goverment intervenes, trying to soften the situation by decreasing the profits of the monopolists and increasing the welfare of consumers, and the social welfare.
Regarding the suitability or not of bipartisanship in democracy, there are conflicting opinions. There are those who think that it is positive because it helps the political and general stability of a nation, while others believe that it supposes an unhealthy diminution of opinions represented in the agencies of power, and that there is no real opposition that fosters corruption.
In general, the bipartisanship leaves aside the opinions of people who do not identify with any of the parties. therefore their opinions, are not represented.
21 hours in a week typically
