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1. Difference between Moral Hazard and Morale Hazard(Attitudinal hazard), Why Moral Hazard is important concept to insurance company? Give an example 2. The high cost

1. Difference between Moral Hazard and Morale Hazard(Attitudinal hazard), Why Moral Hazard is important concept to insurance company? Give an example

2. The high cost of liability insurance has made some people believe that this kind of insurance should be eliminated because the cost is too high for the society. Do you agree with it? ch. 2 & 19

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