MORAL HAZARD is the phenomenon that may compel some people to prolong or postpone their job search because they can collect unemployment benefits for a longer time.
These individuals who postpone their job search think that because they can still receive financial support, they won't have to personally bear the costs of the risks.
The decision in moral hazard is based on the highest level of benefit rather than what is morally right, hence the reference to morality.
Another way to define moral hazard is the possibility that a party did not enter into a contract in good faith or misrepresented its assets, liabilities, or credit capacity.
If you need examples where you witnessed moral hazard in the workplace, read here: https://brainly.com/question/26367615
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