Complete the following table by determining which economic problem is characterized in each of the scenarios provided. Adverse Selection Moral Hazard Scenario When Larry didn't have renter's insurance, he was very careful not to leave candles lit in his apartment, and he always locked the door when he left. Now that he has renter's insurance, he frequently leaves candles burning and forgets to lock the door because he knows that, even if his apartment catches on fire or gets broken into, his insurance will cover it. Nick would like to buy a house, but he is not a handyman and thus cannot assess the quality of a house before owning it. Nick believes that owners of low-quality houses are more willing than owners of high-quality houses to sell their homes. Because of this, Nick believes that houses that are for sale are probably of low quality. o