An Example of a Moral Hazard Would Be Andrew Leaving

question 10

True/False

An example of a moral hazard would be Andrew leaving the washer, dryer, and dishwasher running at home while he goes to class since he is fully insured and he will not be at risk if a fire occurs.

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Definitions:

Civil Society

The domain of social life that is organized, voluntary, and autonomous from the state, encompassing non-governmental organizations, community groups, and other social movements.

Social Order

The set of rules, norms, and structures that govern society, maintaining stability and cohesion among its members.

Non-State Sphere

Areas of social life and activity that are not controlled by governmental institutions, including the family, private sector, and community organizations.

Coercive Power

A form of power that is exerted through the use of threats, punishment, or force to influence others to comply with demands or orders.