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Statistically speaking, which of the following individuals would be at higher risk for rape?
Moral Hazard
The situation where one party takes on risk because they know that another party will bear the consequences.
Adverse Selection
A situation in insurance and markets where higher-risk individuals are more likely to select and use insurance or services, potentially leading to market inefficiencies.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Diminishing Utility
A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.
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