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:
It has 4 trophic levels.
Explanation:
The first level would be the producers, followed by the primary consumers, then the secondary consumers, then the tertiary comsumers.
/ Tertiary consumers \
/ Secondary Consumers \
/ Primary Consumers \
/ Producers \
/________________________________\
Answer:
the fact or process of a species, family, or other group of animals or plants becoming extinct.
Explanation:
extinct means the disappearance of something meaning it is no longer alive or reproducible
Answer:
No, bottled water cannot go bad.
Explanation:
It is impossible for any sort of water to "expire". But, when in the bottle for to long, the plastic does become dangerous. The bottle begins to leak chemicals into the water. This doesn't make the water toxic, but it can alter the taste of your water.
