Examlex
Explain Gilman's line "…the sex-relation is also an economic relation" from Women and Economics. Also, provide examples from cultures other than the U.S. as part of your explanation.
Moral Hazard
A scenario in which an entity is prone to engage in risky behaviors knowing that another party will shoulder the consequences of such risks.
Adverse Selection
Adverse selection also pertains to the tendency of those in dangerous jobs or high-risk lifestyles to acquire life or health insurance to a greater extent than those with lower-risk profiles, thereby distorting the market.
Unobservable Actions
Actions taken by individuals or entities that cannot be seen or measured directly, often relevant in contexts of performance evaluation or trust.
Moral Hazard
The situation where one party to a transaction can take risks without having to suffer consequences, often because another party bears the cost of those risks.
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