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Approximately how much of the U.S. energy supply consists of fossil fuels?
Car Insurance
A contract between a vehicle owner and an insurance company, providing financial protection against physical damage or bodily injury from traffic collisions.
Asymmetric Information
An instance where in a transaction, one entity has higher or more detailed information than another.
Principal-Agent Problem
A dilemma in economics arising when one party (the agent) is able to make decisions and/or take actions on behalf of, or that impact, another party (the principal).
Moral-Hazard Problem
A situation where one party engages in risky behavior knowing that it is protected against the consequences, often because another party bears the cost of those actions.
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