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 describe the problem of not fully knowing or being able to monitor the actions taken by the official, leading to potential risks or actions that may not align with the best interests of the constituents.

The Problem of Not Knowing All Aspects of the Actions