Consider the following two situations. Irene accepts a job where she will be driving in dangerous traffic, so she seeks auto insurance. After Victor buys health insurance, he visits the gym less frequently. Which of these person's actions illustrates moral hazard?a. Irene's but not Victor'sb. both Irene's and Victor'sc. Victor's but not Irene'sd. neither Victor's nor Irene's

Option C; VICTOR'S BUT NOT IRENE'S.

Explanation:

Moral hazard occurs when someone increases their exposure to risk when insured, especially when a person takes more risks because someone else bears the cost of those risks.

Moral hazard is the idea that a party protected in some way from risk will act differently than if they didn't have that protection. It is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost.

Victor starts to visit the gym less frequently because of the health insurance he purchased; he is exposing himself to risk since he knows someone else will bear the cost, unlike Irene who seeks for auto insurance since she will be driving in dangerous traffic. Therefore, VICTOR'S ACTIONS BUT NOT IRENE'S ILLUSTRATES MORAL HAZARD.

managing the colonial war effort while also forcing for and moving towards america's independence was the major agenda of the debate in course at the second continental congress. the delegates at the congress also adopted the united states declaration of independence, in so doing acting as the ''de facto'' national government of what later became the united states of america

the correct answer is "c": the pillars proclaimed his regret at the bloodshed at the battle of kalinga and his conversion to buddhism.

the kalinga war is considered as one of the largest battles in the history of india. it was fought between the between the maurya empire, which ruled the lands of what is now known as india at the time, and the independent feudal kingdom of kalinga.

the army of maurya empire, led by its king ashoka, fought a prolonged war against kalinga. the war ended around 262 bce with the victory of the maurya empire. it is believed that ashoka, after having witnessed the loss of many lives during this war, felt deep responsibility and eventually converted into buddhism.