Moral Hazard Is a Problem That Arises When Which Situation

question 39

Multiple Choice

Moral hazard is a problem that arises when which situation occurs

• A)There is a misunderstanding rising from differences of opinion.
• B)There is a hidden characteristic.
• C)There is a risk of inappropriate behaviour by one of the parties to a transaction or agreement.
• D)There is a risk of a "lemon."

---

Definitions:

Canadian Cancer Society

A national, community-based organization of volunteers whose mission is to eradicate cancer and enhance the quality of life of people living with cancer.

Asbestos

A group of naturally occurring fibrous minerals known for their heat resistance, but harmful to health when inhaled.

Family History

A record of health information about a person's immediate and extended family, which can help identify potential health risks or genetic conditions.

Health Assessment

A comprehensive evaluation of an individual’s health status and risk factors, often involving physical examination, medical history, and possibly diagnostic tests.