What is the impact of compromising certainty in the interest of justice? Are there particular applications in your line of work or your organization.

Q: It was taught that liability insurance would undermine the tort system, which has as its central…

A: Liability insurance- It is a type of insurance that protects against claims arising from personal…

Q: 1. You are the coordinator of a nonprofit that distributes donated items to three local homeless…

A: Since there are multiple questions, only the first question will be answered here. If you want…

Q: The effects (cost and benefits) of the police on consumers

A: The effect of price floor and price ceiling are different on consumers. However, both are…

Q: Each of us makes promises all the time; most we keep, but some we don’t. Said differently, when will…

A: Each of us makes promises all the time; most we keep, but some we don’t. Said differently, when will…

Q: Greg works as a carpenter. There is a 3 percent chance he loses a finger which they value at…

A: Expected utility (without insurance) = 0.03(50,000) + 0.97(2,50,000) = 244,000

Q: Did you work from home during the pandemic? If so, did you miss your place of work, or do you prefer…

A: The pandemic has adversely affected the health of the people round the world. Not only the physical…

Q: Is there a trade-off between substantive & procedural fairness?

A: When an employee or worker is dismissed by an employer then that dismissal should be fair. The…

Q: What is social significance. Why is it important in public speaking

A: Communication is the foundation of our general public. It permits us to frame associations,…

Q: In the context of asymmetric information, adverse selection and moral hazard, how does market…

A: The market does not perform well in the case, either there is the provisioning of public goods or…

Q: Think of two ways the government affects life, one you perceive as positive and one you perceive as…

A: Regulators, taxation, and subsidies are all used by the government to address market…

Q: When the costs of negotiation between parties is low, whoever values the entitlement more is likely…

A: This issue pertains to the study of economics, specifically microeconomics, and it is grouped with…

Q: give an example of an existing economic interaction that exhibits moral hazard. describe the setting…

A: Moral hazard refers to the concept that signifies that an individual has the opportunity to change…

Q: In the U.S. legal system, the judge's role is to uncover the true facts pertaining to the issues in…

A: FALSE Judge decides the ruling.  It is the jin of the lawyers and investigator to uncover the facts…

Q: Is there something special or distinguishing about the good or service that sets it apart from…

A: Product differentiation is a marketing tactic used to set a company's goods and services apart from…

Q: dural

A: Procedural fairness is fairness in the procedures being followed when arriving at any administrative…

Q: What are some responsibilities to the community? Q#2. What are some society responsibilities to the…

A: 1. Community obligations are an individual's obligations or commitments to the community and…

Q: In the United States, you have a lower likelihood of being killed in a terrorist incident than dying…

A: The question is asking us to compare the likelihood of dying from a terrorist incident to the…

Q: How do you think the problem of moral hazard might have affected the safety of sports such as…

A: Asymmetric information refers to how the borrowers have better information about their ability to…

Q: Suggest a relevant government policy that would help with tax dodgers

A: Tax evasion is when a person or company intentionally avoids paying their true tax burden. Those who…

Q: The lower the deductible on an insurance policy, the higher the premiums.    True or False

A: The deductible is the amount that a policyholder pays before the insurer (the insurance company)…

Q: How has Demand and Supply shaped the education industry ?

A: Demand for education has increased drastically due to the development of industry and corporate…

Q: Employers can try solving the adverse selection problem and motivate the employees to work harder by…

A: At the marketplace, the problem of adverse selection arises when any of the trading parties, such as…

Q: What is moral hazard?

A: Asymmetric information arises in the market, where one of the parties involved in the transaction…

Q: 4. How would you feel defending a client that you knew was guilty?

A: We'd all be Fat Cat Lawyers if a criminal lawyer had a pound for every time they were asked this…

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without…

Q: Someone indicated that employee’s absence from work despite meeting the eight hours per day…

A: It is of the utmost importance to know about moral hazard before exploring the possible implications…

Q: The difference between moral hazard and adverse selection is   a. ​moral hazard has to do with…

A: Market failure occurs when the allocation of services or items by a free market is inefficient. It…

Q: How does adverse selection impact the pricing and sustainability of insurance markets?

A: Adverse selection is a phenomenon in the insurance industry where those who believe they are most…

Q: How have conmunications changed over the past 30 years? For the better or worse?

A: Employees receive information about what is changing, how it will affect them, and what they should…

Q: what are the reason of overdiversification

A: Diversification: It is a risk management method under which a mixed variety of investments are made.…

Q: What are moral hazard and adverse selection? How are they similar, how are they different? What…

A: Asymmetric information refers to the situation when there is incomplete information or knowledge in…

Q: m special investigation?

A: The progression of activities includes the gathering of evidence, development, and validation of…

Q: How can oppotunity cost affect behavior?

A: In microeconomics, opportunity cost refers to the loss or advantage that might have been realized if…

Q: What is the economic impact of power quality on consumer side?

A: Power quality: Power quality alludes to the capacity of electrical equipment to devour or consume…

Q: The adverse selection problem is least likely in which of the following occupations? explain…

A: An adverse selection problem refers to a situation in market where sellers and buyers owns different…

Q: An advertisement in the local paper offers a "fully loaded" car that is only six months old and has…

A: Adverse selection refers to a situation where one party in a transaction has more information than…