Determine whether the following situations represent problems caused by asymmetric information.$$ If so$,$ determine whether they represent problems of moral hazard or adverse selection.

Group of answer choices

Unrest in the Middle East causes oil speculators to buy up oil futures, driving gasoline prices higher.

$[$ Choose $]$

Not caused by asymmetric information

Morla hazard

Adverse selection

Karol is halfway to work before she realizes that she forgot to lock the back door. Because she has renter$$s insurance, she decides it is not worth being late just to go home to lock the door.

$[$ Choose $]$

Not caused by asymmetric information

Morla hazard

Adverse selection

Joanne applies for a job as a part$-$time manager at a fast$-$food restaurant. Her MBA makes her overqualified for the job, and the position goes to someone else who doesn$$t have a college degree.

$[$ Choose $]$

Not caused by asymmetric information

Morla hazard

Adverse selection

Frances lives in an apartment above a restaurant, and her apartment always smells like burgers and fries. She has tried unsuccessfully to get the restaurant owner to remedy the problem.

$[$ Choose $]$

Not caused by asymmetric information

Morla hazard

Adverse selection

The potential costs of long$-$term care $($such as a nursing home stay$)$ can be very high and also very uncertain. Despite this, the private market for long$-$term care in the United States has remained fairly small.