The problem of not knowing all aspects of the actions taken by an elected official refers to which of the following?

Question

Quizplus · Accepted Answer

Moral hazard refers to the situation where one party is more likely to take risks because another party bears the cost of those risks. In the context of elected officials, it can refer to the problem of not fully knowing how an official will act once in office, as the official may take actions that are not in the best interest of the voters, knowing that the voters cannot perfectly monitor or control their actions.

The Problem of Not Knowing All Aspects of the Actions