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The So-Called Moral Hazard Problem Refers to One's Tendency to

Question 218

Multiple Choice

The so-called moral hazard problem refers to one's tendency to


A) buy less of something if one does not have good information about it.
B) avoid something that is considered risky or hazardous.
C) get insurance against some possible hazard or danger.
D) take on greater risk if one is at least partly insured against losses.

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