Consider the following statement: Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Address the following: 1- Why don't police departments increase their applicant pool by dropping this requirement? 2- How does this relate to asymmetric information, moral hazard, and adverse selection? 3- How do Type I and Type II errors (and the human tendency to be risk-averse) relate to your