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sergeinik [125]
3 years ago
12

Moral hazard means that insured customers exercise less care because they have less incentive to do so. Do you agree with this c

oncept? Also, comment on the statement that we should anticipate moral hazard and protect ourselves against it.
Business
1 answer:
Marianna [84]3 years ago
7 0

Answer:

Yes, moral hazard is an entirely valid concept. It's just the unfortunate reality of human interaction: when we know there is a benefit coming (I'm thinking social security in particular) we are less inclined to pay our own way. Knowing that the poor or lazy won't do this, and that any of your savings may be funneled to them through the government programs, can be difficult and economically frustrating.

401k programs are retirement plans made to self-spend. This is a way of protecting against moral hazard: it awards tax benefits based on how much money the individual raises, not just what the government is willing to give them. This creates incentive, and for many it can provide an antidote to the moral hazard.

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Third option I would say goodluck

5 0
3 years ago
The results of jasper's study for his dissertation showed that 200 mg of experimental drug r had a minimal-to-modest effect in r
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3 years ago
The current research on managerial skill points to four general management skills. Which of the following is NOT one of the four
inessss [21]

Answer: (D) Scientific

Explanation:

  According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.

The scientific is not the managerial skills in an organization and the following are the four general management skills are:

  • Technical skills
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The managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.  

 Therefore, Option (D) is correct answer.

6 0
3 years ago
Depreciation for a tax-paying firm:_________.
r-ruslan [8.4K]

Answer: a) increases expenses and lowers taxes.

Explanation:

Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.

It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.

5 0
3 years ago
Patek Phillippe is a prestigious brand of watch that is sold as a luxury product. It has a reputation based on quality and atten
kondaur [170]

Answer:

b. stimulus generalization

Explanation:

This reaction from the overall market population is due to stimulus generalization. Since potential customers that have been in the market have already seen the products that Patek Phillippe has already introduced and saw them as high-end luxury products, then the market automatically places any future product that Patek Phillippe releases as in the same category. They do this without doing any research or analyzing the product, instead, they solely categorize new products as luxury due to Patek Phillipe's brand.

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3 years ago
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