What that person said ^^^^
Answer:
poverty, the state of one who lacks a usual or socially acceptable amount of money or material possessions.
Answer:
Upon buying a car with airbags Indy begins to drive recklessly. This is an example of moral hazard problem.
Explanation:
- A moral hazard problem occurs when an individual or party in a contract decides to take risk due to the assurance that the consequences of such kind of a risk shall not affect them.
- In the above context, Indy takes the risk of driving recklessly which might result to a road accident. However, she does this intentionally since she knows her life is covered and might be rescued by the air bag in case of an accident.
Answer:
Agency representation.
Explanation:
The theory of Agency representation refers to choosing of representatives by people according to their wishes, who would work out in Congress according to their wishes. And if they become unable to fulfill their wishes in Congress, then people have the power to 'fire' them by electing other representative in next election. This theory is also interchangeably called the 'instructed-delegate representation'.
So, it is according to the theory of agency representation, people have the power to 'hire' or 'fire' their agents in Congress.
Therefore, the correct answer is agency representation.