Examlex
What does the effort society is putting into solving health problems say about science as a conservative enterprise, and science as a liberal enterprise?
Signaling
The act of conveying information indirectly through actions or attributes, often seen in markets where there is information asymmetry.
Uninformed Party
An individual or group lacking critical information, often leading to a disadvantage in decisions or negotiations.
Moral Hazard
The situation where one party engages in risky behavior because they know another party bears the consequences of that risk.
Pay Them In Advance
The act of settling a payment for goods, services, or work before they have been delivered or completed.
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