Question

When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a _____________________ .a. riskb. hazard riskc. moral hazardd. moral risk

Answer 1

C. moral hazard

Step-by-step explanation:

moral hazard in can be explained as an hazard that occur when there are more exposure to hazards by entity simply because he/she doesn't responsible for the cost of the exposed risk.

It should be noted that moral hazard occur when people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring .