For each of the following kinds of insurance explain, Ask an Expert

Economics

For each of the following kinds of insurance, explain briefly what sort of behavior might be encouraged by moral hazard:

a. insurance against a home being damaged by flooding;

b. insurance against having the paint on your car badly scratched;

c. insurance against being fired from one’s job;

d. insurance for a business against the risk of suffering losses rather than earning profits.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870133

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