What sort of behavior might be encouraged by moral hazard

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For each of the following kinds of insurance, explain briefly what sort of behavior might be encouraged by moral hazard:

a. insurance against a home being damaged by flooding;

b. insurance against having the paint on your car badly scratched;

c. insurance against being fired from one’s job;

d. insurance for a business against the risk of suffering losses rather than earning profits.

Reference no: EM131112548

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