Which of the Following Is an Example of Moral Hazard

question 373

Multiple Choice

Which of the following is an example of moral hazard?

• A)a driver is arrested for drunk driving
• B)a pet-sitter being paid to walk a dog for one hour per day only walks the dog for 20 minutes per day
• C)a thief steals a car
• D)All of the above are examples of moral hazard.

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Definitions:

Testing Effect

is a psychological phenomenon where the act of retrieving information from memory through testing enhances long-term memory retention.

Enhanced Memory

Improved recall or recognition of information compared to typical or average memory performance.

Repeated Retrieval

A practice involving the frequent retrieval of information from memory over time, which enhances memory consolidation and retention.

Functionalist

Related to a perspective in sociology and psychology that emphasizes the importance of understanding the purpose or function of societal institutions or mental processes.