Examlex
Which one of the following statements is accurate?
Moral Hazard
The situation where one party is more likely to take risks because another party bears the consequences.
Incentives
Rewards or penalties that motivate individuals or entities to act in certain ways.
Hazardous Jobs
Occupations that pose significant risks of injury, illness, or death as a result of the work environment or tasks involved.
Moral Hazard
A situation where one party is more likely to take risks because the consequences of their actions are partly borne by others.
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