Examlex
Which medical condition would exclude one from sports participation?
Moral Hazard
The situation in which an individual or entity is more likely to take risks because the potential costs will not be borne by them but by another party.
Efficient Behavior
Efficient behavior refers to actions that maximize the desired outputs or results with the least amount of wasted effort or resources.
Insurance Industry
The sector of the economy that provides coverage against financial loss, including various types of insurance products and services.
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of another after the contract has been concluded.
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