When People Have Insurance Against a Certain Event, the Notion

question 10

Multiple Choice

When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a _____________________ .

• A) risk
• B) hazard risk
• C) moral hazard
• D) moral risk

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Definitions:

Ethical Guidelines

Standards designed to guide behavior and decisions based on moral values and principles.

Canadian Researchers

Scientists based in Canada who contribute to various fields of study through experimentation, observation, and analysis.

Empirical Studies

Research based on observed and measured phenomena, aiming to generate knowledge through experience and experiments.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought and brain functions.