Examlex
In the planning process, _____ are the specific results or desired outcomes that one intends to achieve.
Moral Hazard
The situation in which one party takes additional risks because they know they will not bear the full consequences of their actions.
Adverse Selection
A situation where sellers have more information than buyers, leading to high-quality goods and services being squeezed out of the market because they cannot be adequately priced.
Private Information
Information that some people have, but others do not.
Economic Decisions
Choices made by individuals, businesses, or governments involving the allocation of resources to satisfy their needs and desires.
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