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Data on trade barriers and the growth of per capita GDP indicate that
Moral Hazard
A situation where one party engages in risky behavior knowing that it is protected against the consequences, typically because another party bears the cost of those actions.
Car-Insurance Coverage
Protection against financial loss resulting from incidents involving a vehicle, including accidents, theft, and other damages.
Moral Hazard
A situation where one party is more likely to take risks because they do not bear the full consequences of their actions.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicular damage.
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