Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions, there is bound to be A. difficulty managing public investment so it's done in a cost-effective way.
<h3>What is a competitive market?</h3>
This is s a structure in which no single consumer or producer has the power to influence the market
The characteristics of a competitive market are:
- Homogeneity of product.
- No existence of buyers or sellers.
- Access to information.
- No charge fr yranascation cost.
- No barries to entry or exit.
Hence, because of the difference imposed by the market and political decisions, the government borrowing cannot be reduced neither will there be an increase in the tax budget nor will the government budget hide the rate of private investment.
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The graph that shows the sampling distribution of the sample minimum age is; Option C Graph
<h3>Sampling distribution</h3>
We are given the ages of the 5 teachers as;
23, 34, 37, 42 and 58.
- The options that show the sampling distribution of the sample minimum age has been attached.
Since 4 teachers will be selected out of the 5, it means that the minimum age of the 4 selected teachers will be 23 years of age 4 time while the minimum age will be 34 if the 23 year old teacher is not selected.
- In conclusion, the sampling distribution for this scenario of minimum age should show 4 teachers at the 23 year mark and 1 teacher at the 34 year mark.
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