Directions. Coarsely chop tomatoes, peppers, and onions. Combine with garlic and cilantro. In batches, pulse mixture in a food processor until finely chopped. In a large pot, heat olive oil over medium-high until shimmering. Add mixture and cook, stirring occasionally, until thickened and reduced, 25 to 30 minutes (reduce heat if browning at edge).
Moral hazard and adverse selection? Moral hazard is defined as the risk that an individual has the motivation to take bigger risks before the contract is complete. It is the idea that a person will change th â¦ eir behavior by taking more risks.
Adverse selection â This is when a market falls apart or stops working due to asymmetric information between the buyers and the sellers. Market failure â This is a situation when the free market system leads to an inefficient allocation of resources. An example of a market failure is an externality.teve goes to a second-hand car dealer and asks to see his selection of second-hand cars. The dealer, Rob, shows him a car which looks to be in good condition and says he will sell it for Â£4000. Now, this is when the problem of asymmetric information comes about.