________ Refers to Inefficient Actions Induced by Policy Instruments That

question 44

Multiple Choice

________ refers to inefficient actions induced by policy instruments that cause people not to bear the full consequences of their actions.

• A) Adverse selection
• B) Moral hazard
• C) Externalities
• D) Natural monopoly

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Definitions:

Obstruction of Justice

An act that impedes the investigation or administration of justice, typically involving interference with the procedures or operations of courts or governmental agencies.

Congress

The legislative branch of the United States government, consisting of the Senate and the House of Representatives.

Hawkish Critics

Individuals or commentators who advocate for aggressive or military interventionist policies, especially in foreign affairs.

Imperial Presidency

A term used to describe a U.S. presidency that is characterized by greater power than the Constitution allows, often involving unilateral action and limited oversight.