Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: Tazate on Jul 21, 2019
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Moral hazard is more likely to arise when:
◦ one side of an economic relationship cannot observe the behavior of those on the other side.
◦ insurance policies have high deductibles.
◦ people are uninsured.
◦ adverse selection is present.
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one side of an economic relationship cannot observe the behavior of those on the other side.
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TY
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