Answer:b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
Explanation:Policymakers are usually politicians and politicians always consider what is most favoured by the public which is likely to score them more fans and anything that is popular amongst the public they will support so that they win more voters other than that they will neglect even the best policy if it means they may lose their voters.
Answer:
$28,980
Explanation:
The present value can be calculated by multiplying annual cashflows with the discount factor. The table to calculate the Present Value has been made below.
DATA
Annual benefit = $12,000
Discount rate = 7%
Present value =?
Calculation
Year Cash inflows Discount factor Present Value
6 $12,000 0.666 $7,992
7 $12,000 0.623 $7,476
8 $12,000 0.582 $6,984
9 $12,000 0.544 $6,528
Total $28,980
Answer:
under the time payment of claims provision, the maximum time the insurer has to make payment for the claim is 60 days
Explanation:
time payment of claim provision is a provision that requires claims to nbe made within a stated days.
By legal actin provision, the insured is not allowed to take legal action against the insurer. This is due to the fact the claim legally run within 60 days. So, the maximum time frame the insured has to make a claim payment under the time payment of claim provision is 60 days
Answer: Lorenz curve
Explanation:
One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.
The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.
Answer:
$3,900
Explanation:
The computation of the inventory purchase is shown below:
As we know that
Sales - gross profit = Cost of goods sold
$8,200 - $5,300 = Cost of goods sold
So, the cost of goods sold is $2,900
Now the cost of goods sold is
Cost of goods sold = Opening stock + purchase made - ending stock
$2,900 = $1,100 + purchase made - $2,100
$2,900 = -$1,000 + purchase made
So, the purchase made is
= $2,900 + $1,000
= $3,900
