Examlex
Which of the following represent components of social poverty? Select all that apply.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the consequences of those risks.
Alter Behavior
The process of changing or modifying actions, habits, or conduct.
Production Subsidies
Financial support given by the government to producers or manufacturers to help reduce the cost of producing goods or services.
External Costs
These are costs of a transaction that affect someone who did not choose to incur that cost, often not reflected in the market prices.
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