Pleaes, I need your help solving the following questions and knowing why ther are the right choices than others:

-Suppose insurance companies offer low-risk individuals partial insurance at low prices and high risk-individuals full insurance at high prices and both types of individuals purchase coverage. This is an example of a ____ equilibrium and is an ____ outcome.

a- separating/efficient

b- separating/inefficient

c- pooling/inefficient

d- pooling/efficient

-Suppose the probability of an adverse event is 3%, or 0.03. An actuarily fair premium per $1 of benefit paid out in the adverse state is

a- $0.30

b- $30

c- $0.03

d- $1

-Government provided social insurance is most beneficial in the cases where the probability of adverse events is _____ to calculate and the costs of the adverse events are _____.

a- easy/low

b- hard/low

c- easy/high

d- hard/high

-Suppose individuals who are covered by health insurance engage in more risky behavior than those who are uncovered. This is an example of the ____ problem and ____ the cost of providing insurance.

a- moral hazard/decreases

b- adverse selection/increases

c- adverse selection/decreases

d- moral hazard/increases

-Uninsured motorists face the burden of paying for accidents themselves if involved in an accident. They also impose costs on others if they are unable to bear the cost of the damages to third parties. In this case,

a- the government could not improve upon this outcome.

b- the government could improve this outcome by requiring insurance companies to lower premiums for all drivers.

c- the government could improve the market outcome by requiring everyone carry auto insurance.

-Assume auto insurance premiums are the same for high-risk individuals and low-risk individuals and only high-risk individuals choose to purchase insurance. This is an example of

a- market failure caused by moral hazard.

b- an efficient market.

c- market failure caused by adverse selection.