(Solved):Which of the following is an example of a moral hazard? a) You hire a neighborhood teenager to mow your grass once a week over the summer while you are traveling. The teenager mows your grass ever… View Answer…

 

Question

Which of the following is an example of a moral hazard?

a) You hire a neighborhood teenager to mow your grass once a week over the summer while you are traveling. The teenager mows your grass every three weeks instead.

b) You decide to buy a scalped ticket before a concert, but you are not entirely sure the ticket is legitimate.

c) A contractor takes a long time to finish the construction work

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