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 ) .
Answer:D
Explanation:
All laws must concern human behavior because for an art to be law it must be used and guarded by human
Answer:
Practicality
Explanation:
In order to persuade people in your ideas you need to propose your idea and show that it is applicable in the real world. An idea can seem good on paper but it needs to work in the real world so that the problem at hand is fixed by the idea.
He is saying that the policies he is proposing which are similar to the ones enacted in the in most of the countries of Western European countries are already working. Seth is trying to say that if a similar policy is applicable elsewhere then why not that his policy be enacted in his country.
Answer:
following rules of everywhere
