One Problem with Moral Hazard Is That

question 60

Multiple Choice

One problem with moral hazard is that:

• A) goods and services are produced that no one actually wants or needs.
• B) every good produced is unnecessary.
• C) no mutually beneficial trades will occur.
• D) each good or service produced is wanted or needed.

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Definitions:

Robin Leidner

A sociologist known for her work on labor, service work, and the ways in which jobs are structured and experienced.

Real Selves

Refers to the authentic and genuine aspects of an individual's personality or identity, as opposed to roles or personas adopted for social conformity.

Strikes

Work stoppages initiated by employees as a form of protest, typically aimed at securing better pay, working conditions, or benefits.

Acts of Resistance

Behaviors or actions undertaken to oppose and challenge authority or prevailing norms.