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
Anaphase is the phase of mitosis where the chromosomes separate
I’m not sure but I’m guessing the answer would be the first one !
Answer:
When it stands the test of time and is supported by many experiments.
Clearcutting results in the removal of topsoil and some animal habits, which can prevent the forest from being able to grow again. While it is cheap, the damage to the food chain and surrounding ecosystem can destroy entire regions.