The "moral hazard" problem refers to the sunbelt states' willingness to overlook hazardous working conditions in order to foster a "healthy business climate."

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The "moral hazard" problem generally refers to situations where one party takes risks because they don't have to bear the full consequences of their actions. It is not specifically related to any geographic region or a willingness to overlook hazardous working conditions.

The "Moral Hazard" Problem Refers to the Sunbelt States' Willingness