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: balance of trade surplus
Explanation:
Neomercantilism is a policy regime whereby export was encouraged while import was, discouraged. It also controls capital movement, and advocatee for currency decisions to be a government decision.
Neo-mercantilists equate political power with economic power and economic power with balance of trade surplus which is when the value of exports are more than that of imports.
Answer:
the profit margin will decrease and supplies won't get their promotin
Answer:
1,120,000 dollars
Explanation:
The pension income is 80% out of current salary of 70,000 dollars, therefore 56,000 dollars. For this to be future retirement stream savings must be at a level of 1,120,000 dollars or 56,000/0,05. This strategy would assume 5% return on savings or investments and the lifestyle in retirement equal to pre-retirement period. This strategy would also assume no additional post-retirement income.
