Moral hazard can be found in many areas because self-interest is everywhere.

Name: Moral hazard can be found in many areas because self-interest is everywhere.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Moral hazard occurs when an individual or institution takes risks with the knowledge that they will not bear the full costs of those risks. This behavior can be found in many areas of life where self-interest is present, such as finance, insurance, and even personal relationships.

Moral Hazard Can Be Found in Many Areas Because Self-Interest