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 ) .
D) has its most valuable achievements in medical applications
Explanation:
B<u>oth Kim and Liard agree on the importance of pure research in the field of medicine but do not agree on which of its applications must be prioritized and has had a greater impact.</u>
According to Liard, pure research has been instrumental in saving new lives but its greatest contribution is providing new ideas in terms of science.
Kim disagrees and believes that saving lives must be prioritized over everything and as such it is the priority to be considered
The Speaker of the House would continue as the president
7. 1927-1949
8.The Red Army
Answer:
informal rules such as traditions that are accepted and followed implicitly by political actors
