Examlex
When children acquire the ability to think logically about tangible things, they have entered the _____ stage of cognitive development.
Moral Hazard
The situation in which one party engages in risky behavior knowing that it is protected against the risk because another party will bear the consequences.
Fire Protection Program
A program designed to prevent, detect, and suppress fires, often including public awareness campaigns, fire safety regulations, and firefighting services.
Premium
An amount paid for an insurance policy, representing the cost to protect against a specific risk or to ensure service availability.
Moral Hazard
The situation where one party is more likely to take risks because the negative consequences of the risk will be borne by another party.
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