Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50. Both Melvin and Cindy earn 5 percent annual interest on their funds, and there are no tax considerations in this problem. Based on the provided information and assuming they retire at age 50, Cindy will have over 50 percent more than Melvin.

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What is the rationale for government provision of education? -not all incomes are equal, but everyone has the right to education regardless of wealth. -potential students consider only their personal benefits gained from education, but the rest of society benefits, too. -no education would be provided in the absence of government provision because everyone would consume it without paying. -the cost of providing education for the entire public is too large. -the government can provide education at a much lower cost than the private sector.

Read this scenario: a group of immigrant farmworkers forms an interest group to argue for workers' rights in their state. they cannot afford an experienced lobbyist, however, and are unable to secure meetings with important lawmakers. which negative aspect of interest groups does the scenario illustrate? a. lacking power without funding b. supporting candidates who may not be the best choice for a position c. focusing only on group members' goals d. resorting to unethical tactics