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kow [346]
3 years ago
13

A situation in which one side of an economic relationship takes undesirable or costly actions that the other side of the relatio

nship cannot observe is called __________.
Social Studies
1 answer:
Sonja [21]3 years ago
5 0

Answer:

moral hazard

Explanation:

<em>Moral hazard</em> appears in markets with asymmetric information. It corresponds to an opportunistic behavior where one of the sides seeks its own benefit at the expense of the other which is being unable to observe their behavior. The entity assumes more risks in its investments because the profits will be for them while the losses will be assumed by the other side. Those who suffer the negative part, cannot do anything because there is no perfect information and do not know the exact intentions.

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Write about the Pros of Indian Judiciary system (for a debate)? (urgent pls)
BartSMP [9]

Answer:

The collegium system must not see itself as being above the safeguards and measures for transparency, accountability and demographic representation that apply to India’s pillars of democracy.

In September 2019, Chief Justice of Madras High Court Vijaya Kamlesh Tahilramani resigned after the collegium upheld their decision to transfer her to the high court of Meghalaya (one of the smallest in the country). Justice Tahilramani was the senior-most high-court judge in the country. The members of the bar associations across Tamil Nadu protested against this move and carried “a one-day court boycott.” In addition, in Maharashtra's Latur, about 2,000 lawyers boycotted court proceedings to protest the transfer. The collegium responded by saying that they have “cogent reasons” for the transfer, and will reveal them if required.

At the heart of this controversy is the functioning of the collegium system, which makes decisions about appointments and transfers in the higher judiciary. In February 2020, former Supreme Court judge and member of the collegium from 2018–2019, Arjan Kumar Sikri, said that far from a “scientific study” about candidates, “most times, we [the collegium] go by “our impression” when appointing judges [to high courts and the Supreme Court].”

The collegium system is headed by the Chief Justice of India (CJI) and four senior-most judges of the Supreme Court. India’s Constitution originally stipulated that the judges of the Supreme Court and high courts would be appointed by the President based on a process of “consultation” with senior judges. The present collegium system emerged later based on three key rulings. In 1981, the “First Judges Case” ruled that the process of consultation with the CJI and other judges did not require a consensus about recommendations. Essentially, the ruling gave the central government “primacy in judicial appointments.” In 1993, the “Second Judges Case” overturned this decision and introduced the collegium system, arguing that “consultation” required “concurrence.” Specifically, the ruling said that the process of appointing judges would be based on “an institutional opinion formed in consultation with the two senior-most judges in the Supreme Court” and the CJI. In 1998, the “Third Judges Case” ruled that the collegium would be a five-member body, establishing the system that is most similar to the one currently being followed.

This reading list details how the current system can be reformed.

Opaque and Unaccountable System

C Raj Kumar writes that the lack of information about the appointment of judges, including the criteria based on which the judges make their choice, is “the most persuasive criticism of the collegium system.”

   Without a transparent process of the appointment of judges, the collegium system will not have the credibility and the legitimacy for it to be accepted by all stakeholders within the legal system. Transparency will not be established merely by stating that the members of the collegium will act in a transparent manner. It will have to be demonstrated by the process that the judiciary adopts in the selection of judges.

The lack of transparency and the absence of formal criteria have multiple worrying implications. Presently, there is no structured process to investigate if a judge who is recommended by the collegium has any conflict of interests. This is important in the context where the

   … collegium has been fraught with serious allegations of different types of alleged conflict of interest among the members of the collegium and the individuals they have selected to become judges of the High Courts and the Supreme Court. There is an urgent need for the collegium to formulate a detailed set of rules and regulations that will govern the determination of conflict of interest among the members of the collegium who are involved in the selection of judges.

Social Background of Judges  

Alok Prasanna Kumar identifies that the collegium system prefers practising lawyers rather than appointing and promoting “judges of the subordinate judiciary,” which often comprises a diverse pool of candidates.

7 0
3 years ago
Read 2 more answers
What is the point at which supply and demand intersect
melisa1 [442]

Demand and supply intersect at equilibrium point.

5 0
3 years ago
Read 2 more answers
What was one reason that Native Americans began to negotiate with U.S. government about treaties that eventually led to the Trai
Alenkasestr [34]
Well, one obvious one is they didn't want to be forced out of their homeland, so they tried to make deals with the government to prevent that.
3 0
3 years ago
The Rovee-Collier (1987, 2007) studies in which infants kicked to try to move a familiar mobile, but not an unfamiliar one, indi
BlackZzzverrR [31]

Answer:

b. can memorize details.

Explanation:

Carolyn Rovee-Collier (1942-2014) was a professor of Psychology, from United States. She was an expert in cognitive development, and is recognized as one of the founders of infants long-term memory research. Long-term memory is the stage of the memory model where informative knowledge is held indefinitely. Her research is mostly focused on learning and memory in pre-verbal children. Results of her research is best described in one of her books, <em>The Development of Implicit and Explicit Memory</em>, published in 2001.

5 0
3 years ago
Que nombre recibe la disciplina que hace foco en el estudio del origen y elaboración de las imágenes
Ierofanga [76]
Creo que su Antropología es el estudio de la humanidad. La disciplina examina la interacción de factores culturales, sociales, económicos, políticos, naturales y ambientales en el desarrollo de los seres humanos.
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