Examlex
Explain the relationship of art to globalization and cultural survival.
Malpractice Insurance Premiums
Payments made to insure against claims of negligence or inadequacy by professionals, especially in the medical field.
Defensive Medicine
Practice by healthcare providers who order tests, procedures, or visits, or avoid certain high-risk patients or procedures, primarily to reduce litigation risk, rather than to further the patient's health.
Moral Hazard
A scenario in which an individual engages in risky behavior, knowing they won't have to fully deal with the outcomes of their actions.
Principal-Agent Problem
A dilemma in economics and organizational theory where one party (the agent) is expected to act in the best interest of another (the principal) but may have different goals or information asymmetry.
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