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Basic Question 7 of 10
After getting insured, the person is more careless about health. For instance, he/she may take fewer dietary precautions, smoke or drink more, or indulge in physical activities dangerous to the health. This is an example of:
B. moral hazard.
C. regulatory capture.
A. adverse selection.
B. moral hazard.
C. regulatory capture.
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Edward Liu
Learning Outcome Statements
describe the economic rationale for regulatory intervention;
CFA® 2024 Level II Curriculum, Volume 1, Module 10.