The Tendency for a Person Who Is Imperfectly Monitored to Engage

question 46

Multiple Choice

The tendency for a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behaviour is known as:

• A)asymmetric information
• B)moral hazard.
• C)moral delinquency
• D)adverse selection

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Definitions:

Categorical Syllogism

Logical reasoning that draws a conclusion from two other premises, involving a set of three categories or terms.

Affirmative Premise

A statement within a logical argument that positively asserts a relationship or condition, contributing towards the conclusion.

Proposition

A formulated idea or plan suggested for acceptance; a plan of action.

Standard Form

A recognized format for presenting information or arguments in a structured and consistent manner.