Examlex
Which of the following explains why both Democrats and Republicans agree that entitlement programs are in danger of failure in the future?
Moral Hazard
a situation in which an individual or entity is more likely to take risks because they won't bear the full consequences of their actions, often due to asymmetric information or insurance.
Tuition
The fee charged for instruction or education, often by a college or university.
Moral Hazard
The situation where one party is likely to take risks because the negative consequences of the risk will fall on another party.
All-You-Can-Eat Buffets
Dining establishments that offer customers unlimited food for a single fixed price, promoting consumption without restriction.
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