​An Example of Moral Hazard Is

question 82

Multiple Choice

​An example of moral hazard is

• A)​A taxi driver paid per mile taking the shortest route
• B)a piece-rate garment worker shirking more than a per hour worker
• C)an hourly salesman working harder than a commission salesman
• D)​an author on contract going to fewer book signings as one with a percentage royalty rate 

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Definitions:

Initial Renewal

A process where an official agreement or registration is extended beyond its original end date.

Every Ten Years

A phrase indicating a recurring period or event that takes place once every decade.

Berne Convention

An international agreement that protects the rights of authors in their literary and artistic works across member countries.

Artistic Rights

The legal rights granted to creators over their artistic works, including the right to control use, reproduction, and distribution, often encompassed under copyright laws.