Moral Hazard Occurs When Someone Changes Their Behaviour Because They

question 5

True/False

Moral hazard occurs when someone changes their behaviour because they are insulated from risk.

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Definitions:

Significant Personalities

Influential individuals whose actions, ideas, or presence have had a profound impact on society or a particular field.

Hitler

Adolf Hitler was a German political leader who became the dictator of Germany from 1933 to 1945, initiating World War II and overseeing fascist policies that resulted in millions of deaths.

Gandhi

Refers to Mahatma Gandhi, an Indian lawyer, anti-colonial nationalist, and political ethicist, who led the campaign for India's independence from British rule through nonviolent resistance.

Occupational Choices

refers to the decisions individuals make about their careers and professions based on personal interests, values, and available opportunities.