Multiple Choice
Which of the following statements about moral hazard is true?
A) Individuals engage in risk when making exchanges in the grey market.
B) People tend to behave in a riskier way when they're insured.
C) It occurs when one party acts unethically in a market exchange.
D) It occurs when both parties act unethically in a market exchange.
Correct Answer:
Verified
Correct Answer:
Verified
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