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Two technicians are discussing bolts. Technician A says that the shank of a bolt is the area between the head and the threads. Technician B says that replacement bolts can be any grade as long as the thread pitch and size is correct. Who is correct?
Moral Hazard
The risk that a party insulated from risk may behave differently than if they were fully exposed to the risk.
Unemployment Insurance
The social insurance program that in the United States is financed by state payroll taxes on employers and makes income available to workers who become unemployed and are unable to find jobs.
Opportunity Costs
Choosing one option results in the forfeiture of potential gains from other available choices.
Sitting in Traffic
The state of being in a vehicular traffic jam, often resulting in delayed travel times and increased frustration.
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