Ask Question
31 August, 12:33

What is the following scenario an example of? Ronny always locked his bike while he was in school, until his parents bought him bike insurance. After that he wasn't as worried about it getting stolen because he now had insurance, so he often forgot to lock it.

A. moral hazard

B. negative externality

C. public good

D. public choice theory

+2
Answers (1)
  1. 31 August, 16:04
    0
    A. moral hazard

    lack of incentive to guard against risk where one is protected from its consequences, e. g., by insurance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the following scenario an example of? Ronny always locked his bike while he was in school, until his parents bought him bike ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers