Explain how each of the following relates to information asymmetry categories

a.Car owners buy a lot of accident insurance.

b.The teacher announces that he won't give any grade below a B- in your math class.

c.New trucks lose much of their resale value shortly after they are purchased.

d.The government offers subsidized loans and other reconstruction assistance when tornado-related damage destroys homes in certain areas.

e.Insurance companies write policies with deductibles.