Rituals are predicted, repeated actions, and may be individual or group led actions
Answer:
b. It refers to the actions people take after they have entered into a transaction that makes the other party to the transaction worse off.
Explanation:
Moral hazard -
It occurs when the person increases their exposure to risk in the case , when the other person bears the cost of the risks .
It can occur when the action of one of the party changes due to the detriment of the other after the financial transaction is done .
hence ,
The correct answer for Moral Hazard is ( b ) .
This kind of borrowing is known as Diffusion.
<h3>What is Diffusion?</h3>
This refers to the borrowing of cultural values from one culture and implementing them in another.
Hence, we can see that based on the adoption of cultural values by many Westerners such as their styles of dressing, cooking, dancing, etc, and use in their cultures, this is known as diffusion.
Read more about cultural diffusion here:
brainly.com/question/2846111
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Representative democracy is a form of exercise of political power in which the people of a country elects its representatives, through the vote in the elections. It can also be called indirect democracy.
The purpose of the representatives is to defend, manage, establish and execute all the interests of the population.
