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Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A successful popular insurrection led by Fidel Castro that transformed his country into a Marxist socialist state. It resulted in improved health, education, literacy, and living standards. It did not result in a truly democratic system, and thus the gains were accompanied by sharp restraints on personal freedoms and mixed results in the economy.
Moral Hazard
A scenario where one party takes risks or does not have the motivation to mitigate risk because another party is responsible for the fallout.
Safer Helmets
Helmets designed with advanced safety features to provide better protection against injuries.
Moral Hazard
The risk that one party to a transaction has incentives to take undue risks because the costs incurred will not be fully borne by that party.
Homeowner's Insurance
An insurance policy that provides financial protection against disasters, theft, and accidents that may occur in one's home or on their property.
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