A person may be considered negligent if they fail to do what a reasonable and prudent person would do commit an intentional act that injures another do not injure another person provide emergency first aid

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: Moral HazardMoral hazard occurs when one party engages in riskier behavior because they are…

Q: ___________is a benefit of an activity borne by someone not engaging in the activity.

A: Positive Externality is a benefit of an activity borne by someone not engaging in the…

Q: Multiple Choice sellers but not buyers may possess private information. buyers but not sellers may…

A: The options given are:sellers but not buyers may possess private information.buyers but not sellers…

Q: When a moral hazard problem exists for automobile driving, the marginal cost of driving (A) is…

A: This can be defined as a situation in economics where asymmetric information between buyers and…

Q: Suppose that there are equal numbers of good and bad used cars in the market. Good used cars are…

A: The market for used cars, also known as the market for lemons is an example of a market with…

Q: Participate in a discussion regarding private information as shown in Section 12.3 in the textbook.…

A: Participate in a discussion regarding private information as shown in Section 12.3 in the textbook.…

Q: The effects (cost and benefits) of the police on consumers

A: The effect of price floor and price ceiling are different on consumers. However, both are…

Q: During 2013, 400 people were hired for a particular job. Of the total, 300 were white and 100 were…

A: The employment practices having a discriminatory effect on protected groups is known as adverse…

Q: how does hiv/aids affect or influence one’s personal & family health. how does it affect society as…

A: Due to HIV AIDS personal health would decrease.

Q: 20-1 Your product fail about 2% of the time, on average. Some customers purchase the extended…

A: Adverse selection occurs when there's a lack of symmetric information before a deal between a buyer…

Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…

A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…

Q: Which of the following scenarios describes a risk?         The roads are icy, but we…

A: The objective of the question is to identify which of the given scenarios describes a risk. In…

Q: What steps can an individual take to become active in shaping economic legislation or policies that…

A: The healthcare industry is a complex and ever-evolving landscape, and its trajectory is…

Q: What is the difference between ethics and social responsibility?

A: Ethics and social responsibility are generally considered synonyms of each other, while they have…

Q: When is a mortgage clause used in connection with insurance on a property? The insured lends money…

A: Insurance refers to a type of financial product intended to shield people and businesses from the…

Q: In the United States, you have a lower likelihood of being killed in a terrorist incident than dying…

A: The question is asking us to compare the likelihood of dying from a terrorist incident to the…

Q: Moral hazard is a problem that arises when which situation occurs? There is a risk of a "lemon."…

A: A Moral Hazard is a problem of behaving less carefully at the cost of giving the burden of risk to…

Q: The lower the deductible on an insurance policy, the higher the premiums.    True or False

A: The deductible is the amount that a policyholder pays before the insurer (the insurance company)…

Q: J is insured in an accident on K premises. K has a commercial general liability policy with a…

A: Definition: A Commercial General Liability (CGL) is a sort of insurance policy(protection…

Q: You sell bicycle theft insurance. If bicycle owners do not know whether they are high or low risk…

A: Individuals purchase insurance to cover themselves against the potential risk of loss. There are…

Q: The following graph illustrates the market for pistachios. It plots the monthly supply of pistachios…

A: Microeconomic equilibrium arrangements take into account the interactions and relationships that…

Q: Adverse selection can occur when a. all persons involved in a transaction have full information one…

A: Adverse selection refers to a situation wherein one party involved in a transaction possesses…

Q: 20-2 A collogue tells you that he can get a business loan from the bank, but he rates seem very high…

A: Banks are a common source for loans obtained by businesses in order to finance capital investments…