5. Explain how imperfect information problems such as adverse selection and moral  hazard might affect the following markets or situations (also identify the problem  whether adverse selection or moral hazard or both of them) a. Workers report medical history for health insurance. b. The market for used car.  c. The market for automobile collision insurance

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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5. Explain how imperfect information problems such as adverse selection and moral 
hazard might affect the following markets or situations (also identify the problem 
whether adverse selection or moral hazard or both of them)
a. Workers report medical history for health insurance.
b. The market for used car. 
c. The market for automobile collision insurance
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