The Concept of ________ Is Defined by Instituting a System

question 12

Multiple Choice

The concept of ________ is defined by instituting a system of incentives in which rewards are privatized and risks are socialized.

• A)financial privatization
• B)moral hazard
• C)invisible hand
• D)global capitalism

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Definitions:

Preconventional Morality

The first level of Kohlberg's stages of moral development, characterized by an individual's obedience to rules based on the direct consequences to themselves.

Punishment Avoidance

A behavior modification strategy where the reduction or avoidance of undesirable consequences reinforces a behavior.

Early Maturing

The process of experiencing the onset of puberty earlier than the average age, which can have various social, psychological, and physical effects.

Preconventional Morality

According to Lawrence Kohlberg's theory, the first level of moral development in which behavior is governed by considerations of punishment and reward.