The principal-agent problem could be defined by saying that it is an agent who benefits from the effort of others without having even participated in the joint effort. It is a concept that is to be linked more broadly to the problems of information asymmetry.
<span>The term moral hazard refers to a type of market failure where the existence of insurance against a certain risk increases the likelihood of the occurrence of the event causing the risk.</span>
<u>The right answer is:</u>
Principal-agent problem matches with 2
Asymmetric information matches with 3
Adverse selection matches with 4
Moral hazard matches with 1
Answer:
A The mating of two particular sheep to produce thicker wool
Explanation:
Selective breeding, also known as artificial selection, is the process in which people will choose two parent organisms to breed and create offspring with desired characteristics. In this case we want the sheep to breed and produce thicker wool.
An example of an alternate path in the rock cycle could be sedimentary rock goes through melting and becomes magma.
The first trophic level
they would want to eat the primary producers, which are located at the first trophic level. due to the 10% rule only 10% of the energy from the previous trophic level is passed on.
