Examlex
Which one of the following was not a goal of the Navigation Acts?
Adverse Selection
A situation where asymmetric information results in high-risk individuals being more likely to participate in agreements or contracts, to the detriment of one party.
Moral Hazard
The situation where one party is more likely to take risks because another party bears the consequences.
Incentives
Rewards or penalties that motivate individuals or entities to act in certain ways.
Hazardous Jobs
Occupations that pose significant risks of injury, illness, or death as a result of the work environment or tasks involved.
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