This behavior is an example of Moral hazard
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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.
They became slaves,and they did not have rights long ago
Answer: Legislators make up a legislature, which is the law-making body of a government. Their main purpose is to make and pass laws. However, while this may be their primary function, they may have other powers as well.
Explanation:
Answer:
1. Market economy - In a market economy, the government has very little to do with the decisions regarding investment, production and distribution. Instead, these ideas come from the supply and demand that consumers create. 2. Mixed economy - A mixed economy companies private and public enterprises which has some government influence. 3. Socialist economy - A socialist economy is control by the government but still allows small ownership of productions and some say from individuals. 4. Communist economy - Controlled by the government with no influence from the public. Not a democratic society at all
Explanation:
Answer:
The correct answer is: d) modernization theory
Explanation:
Within Development Economic literature, the modernization theory states that global inequalities are due to cultural differences between countries, and suggests that poor and under-developed countries should follow the industrialization path previously undertaken by rich, developed countries.
In contrast, world-system analysis, neocolonialism theory and dependency theory focus on exploitation of the poor countries (periphery) by rich countries (center) as the main source of inequality.
