True or false 1. A perceived disadvantage of Rawls's social justice theory is that it does not consider the fact that people would not want to maximize benefits for the least advantaged persons

Q: The problem of adverse selection occurs when there are stronger incentives for “bad” commodities to…

A: Adverse selection occurs due to asymmetric information. The information is not evenly distributed…

Q: 1. You are the coordinator of a nonprofit that distributes donated items to three local homeless…

A: Since there are multiple questions, only the first question will be answered here. If you want…

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A: When talking about deductibles, it is the amount of money that an individual pays in advance to get…

Q: 10. According to Natural Law, ethics does not change human nature, not human culture. In order for…

A: Analysis of Natural Law and Ethical ConstancyIntroductionNatural Law theory posits that ethical…

Q: The government can help solve the problem of adverse selection in each of these ways EXCEPT: a.…

A: Adverse selection refers to a situation in which one party involved in a transaction has access to…

Q: 1. When an auto insurance company is​ screening, it is   A. attempting to keep its private…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: According to the case "Clean Cooking" found at the end of Chapter 9, the widespread adoption of…

A: Approach to solving the question: Step 1: Determine the question at hand and the pertinent…

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A: Marginal benefit: It refers to an increase in the amount of money the consumer is willing to pay for…

Q: For each government action, indicate the type of government activity and justification.…

A: a) New York city bans smoking in restaurants – EXTERNALITY.  Smoking in public places creates…

Q: Which of the following statements is correct?   a. Adverse selection arises when one party to a…

A: In the free market, resources are optimally allocated by the forces of the demand and supply but due…

Q: Questions 1.    Even though Professor Ramirez deviated from the college’s policy regarding…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Compare and contrast moral idealism and political realism. Prove examples of some of the political…

A: A country's foreign policy (also known as its international relations policy) is a set of objectives…

Q: 7. Many companies offer employees health savings accounts (HSAS) instead of traditional health care…

A: A Health Savings Account (HSA) is a tax advantage account especially being created for individuals…

Q: Situation 37-2 Dan and Ann live in the same community and both can participate in two activities,…

A: The maximum sum of money a consumer will spend on an additional commodity or service is known as the…

Q: Susan sees a classified ad from Raphael offering a used DVD player for $20. On the opposite page,…

A: Raphael offering used DVD player for$20. National electronics offering a new DVD player for $175.…

Q: The National Flood Insurance Program (NFIP) provides flood insurance for homeowners and small…

A: Moral hazard: - moral hazard is the situation in which a person or an institution increases exposure…

Q: QUESTION 7 Neomercantilists are more skeptical than liberals that states can move to Pareto-optimal…

A: 7.  Neomercantilists are more skeptical than liberals that states can move to pareto optimal…

Q: Large differences regarding health policy exist between those on the political left and those on the…

A: The question is asking us to identify which cost-containment approach in health policy would be…

Q: 2) You have seen how asymmetric information Can reduce the average quality of products sold in a…

A: In a situation of asymmetric information, one party to a transaction (such as a buyer or a seller)…

Q: 81.The problem with community rating is that it: A)causes moral hazard. B)results in poor-quality…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: 4) You have seen how asymmetric information Can reduce the average quality of products sold in a…

A: When information about a product is available to the customer but not to the supplier, an asymmetric…

Q: Consider two people called Young and Old. Young and Old live together. Young can choose to party or…

A: Bargaining or haggling is a type of negotiation in which the buyer and seller of a product or…

Q: uppose there are three people in society who vote on whether the government should undertake…

A: Under the majority rule, the project is undertaken if the majority votes in the favor of the…

Q: Explain the law of diminishing returns using crime prevention as the good in question

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Q: Considering the functions of law. Explain which function of the law is the most important. Can the…

A: It is difficult to determine which function of the law is the most important, as each function…

Q: If you have health insurance that covers the cost of visiting the doctor, you may be less likely to…

A: The behaviour of people will be influenced by various factors. When a person doesn't have vehicle…

Q: Chapter 15 suggests that the Community Reinvestment Act (CRA) provides an example of Question 16…

A: Company Reinvestment Act refers to the federal law enacted in the year 1977 to encourage depository…

Q: Match the situation with its most appropriate label. Use each answer only once. Only sick people…

A: Asymmetric information refers to the market condition where buyers and sellers are not equally…

Q: 1. What are the four pillars of Moral Education in teaching and learning? What are the benefits of…

A: Four pillars of moral education in teaching and learning are as follows :- 1. Character and morality…

Q: The approaches to ethics hold that the moral worth of actions or practices is determined by their…

A: Based on your initial question, you asked for the correct solution and explanation for an ethical…

Moral Hazard

The moral is a person's behavior towards himself /herself, society, organization, and others. Hazard is something that is happening and is not good. A person may be morally good or bad. It depends on his attitude, ethics, integrity, and values. A person may have the highest reverence for money to that for the truth. In this case, the person may lie and it is said that the person is morally bad.