Matthew Often Hears His Parents Discussing the Importance of Making

question 186

Multiple Choice

Matthew often hears his parents discussing the importance of making lots of money. Eventually, Matthew himself begins to value a high income. Matthew's attitude about money was acquired through ​

• A)observational learning.
• B)classical conditioning.
• C)reinforcement.
• D)punishment.

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Definitions:

Moral Hazard

A situation in which one party engages in risky behavior or lacks incentive to guard against risk because another party bears the consequences.

Moral Hazard

The situation in which one party can take risks because they know that they will not have to bear the full consequences of their actions.

Life Insurance

A contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.