_______________The Declaration of Independence States That When a Government Created

question 44

Multiple Choice

_______________The Declaration of Independence states that when a government created by "the consent of the governed" fails to protect their rights, the people have the right to

• A) hold the president and Congress criminally liable
• B) file a lawsuit in the federal courts
• C) turn to the state governments for relief
• D) alter or abolish such government
• E) file actions in state courts against the federal government

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Definitions:

Moral Hazard

Moral hazard occurs when one party in a transaction takes on more risk because they know that someone else will bear the cost of those risks.

Transaction

The act of conducting business between two or more parties, often involving the exchange of goods, services, money, or information.

Moral Hazard

A situation in which one party is more likely to take risks because they know that another party bears the consequences or costs of those risks.

Insured Individuals

People covered by insurance policies, protecting them against financial losses from specified risks.