It Was Reported That There Has Been an Explosive Growth

question 28

Essay

It was reported that there has been an explosive growth of youth gangs in the United States; according to surveys, there are in excess of how many gang members in the United States? ​

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Definitions:

Health Insurance

Insurance that usually covers the expenses associated with medical and surgical procedures, prescription medications, and at times, dental care for the person insured.

Avoiding Accidents

Strategies or practices implemented to reduce the likelihood of accidents occurring in various contexts, such as workplaces or roads.

Moral Hazard

The risk that one party to a transaction might change their behavior to the detriment of the other party after the transaction has taken place, particularly when the first party is protected from the consequences.

Adverse Selection

A situation where asymmetric information results in high-risk individuals buying insurance or goods more frequently than low-risk individuals, distorting the market.