An Example of Moral Hazard Is

question 16

Multiple Choice

An example of moral hazard is

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

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Definitions:

Welded Tuff

A type of rock formed from volcanic ash ejected during an eruption, which then falls and welds together under high temperature and pressure.

Feldspar

A group of rock-forming silicate minerals that make up a significant portion of the Earth's crust, commonly found in igneous, metamorphic, and sedimentary rocks.

Quartz

A hard, crystalline mineral composed of silicon dioxide (SiO2), widely used in jewelry and as an industrial abrasive.

Igneous Rock

A type of rock that comes into existence when lava or magma cools and turns solid.