Answer: Option (C) is correct.
Explanation:
Correct option: The government lacks information about what people are willing to pay for the good.
The government have less information about the willingness to pay of the consumers. So, this creates an obstacle for the government for a efficient provision of a public good.
So, the government have no clue about the minimum that a consumer can pay, this will lead to create problem for the government.
Government don't know to whom these public goods are to be provided.
Answer:
The best explanation for the need to allocate resources in the game of economics is that:
C) There are not enough resources to produce all of the goods and services that everyone wants.
Explanation:
In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available. This is the bedrock of Economics. It is the reason that Economics is studied as a separate course. Scarcity and needs are important concepts in human interactions. Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.
Answer: increase
Explanation:
You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills with more IBM stock , the expected portfolio return will increase, ceteris paribus
The expected return for a particular investment are the returns which a an investor expects when he or she invests in a particular investment. In the above scenario, there'll be an increase in the expected portfolio return.
You can exchange money for goods and services.
Answer:
B) False
Explanation:
The way the transaction takes place on the market is the Market Organization. Over time it's determined by a combination of factors: chance events (e.g., technical innovations, locations), financial and physical limitations (transaction costs, intelligence cost, manufacturing costs)etc.