Moral Hazard Can Be Reduced By

question 47

Multiple Choice

Moral hazard can be reduced by:

• A)the use of 100% insurance coverage.
• B)imposing a deductible on insurance coverage.
• C)taking away personal stakes for people with private information.
• D)offering fewer incentives to people with private information to act in a less risky manner.

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Definitions:

Anti-Federalists Legacy

The influence and principles left behind by the Anti-Federalists, who opposed the ratification of the Constitution, emphasizing states' rights and individual freedoms.

Judicial Review

The power of courts to assess whether a law or governmental action is constitutional.

Bill of Rights

refers to the first ten amendments to the United States Constitution, guaranteeing fundamental rights and protections to American citizens, such as freedom of speech, religion, and assembly.

Ratification

The formal validation of a proposed law or constitutional amendment, usually by vote or consent of authorized legislative bodies or through a referendum.