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Mark, Whose Parents Are Wealthy, Has Been Socialized to Believe

question 19

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Mark, whose parents are wealthy, has been socialized to believe that he can be whoever he wants to be.His best friend Matt, whose parents are blue-collar workers, has been socialized to believe that hard work and following instructions is all he needs to support himself.Which sociological paradigm does this story fit?


Definitions:

Moral Hazard

A situation where one party engages in risky behavior knowing that it is protected against the consequences, often due to an asymmetry of information or a misalignment of incentives.

Imperfectly Monitored

A situation where there is insufficient oversight or observation, often leading to non-compliance or deviation from expected standards.

Tenure

The status of having a permanent position or employment, often used in the context of academic positions.

Moral Hazard Problem

A situation where one party is more likely to take risks because another party bears the consequences of those risks.

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