Difference Between Moral hazard and Morale hazard discussion Answer these two questions in an Essay form no more than one full page of both questions, half

Difference Between Moral hazard and Morale hazard discussion Answer these two questions in an Essay form no more than one full page of both questions, half page of each question:12 Font single spaced the instructions will be bellow Finance/ Principles of Risk Management and Insurance
Textbook:
George E. Rejda, Principles of Risk Management and
Insurance, Prentice Hall, 12th Edition, 2014.
Answer these two questions in an Essay form no more than one full page of
both questions, half page of each question:
1. Difference between Moral Hazard and Morale Hazard, Why Moral
Hazard is important concept to insurance company? Explain your answer
with examples
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 Explain your answer
with examples:

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