Moral hazard occurs when:
a. Individuals and institutions do not bear the full cost of their own mistakes.
b. General social decay leads to unethical business decisions.
c. The actions of one (or a few) result cause harm to others, when the same would not occur if the actions were by many.
d. General social decay leads to unethical business decisions.
e. All of the above are examples of moral hazard.
Question 2
Which of the following causes the aggregate supply curve to rise?
a. An increase in a nation's level of productivity.
b. A decrease in input prices.
c. An increase in the value of the domestic currency.
d. All of these answers are correct.
Full Circle Rainbow
Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St
Beethoven - Moonlight Sonata (FULL)