QUESTION 4 10 points Please consider each of the statements and indicate which are true and which are false: Insurance markets can suffer from both adverse selection and moral hazard problems. v Naloxone is a drug that can reVive someone that overdoses on heroin or opiOids. Easy access to Naloxone might cause a moral hazard problem among drug users. v Earthquake insurance can create a moral hazard problem as people may not take precautions to prevent damage to their homes, such as retrofitting, v Patients with genetic diseases create a moral hazard problem for life insurance companies. v Moral hazard and adverse selection are both types of asymmetric information problems v QUESTION 6 The following graph represents the demand and supply of retail labor in California. Which of the following wages could be sustained as an efciency wage in this market? W w=6 w=5 w=4 O a. $6 O b-$5 O c. $4 Q d. None of the above