When Economists Refer to Small Buyers in the Market,they Are

question 158

Multiple Choice

When economists refer to small buyers in the market,they are referring to the notion that

• A) no buyers can influence the price of a good
• B) buyers are mostly children and young adults.
• C) buyers are buying no more than two hundred units at a time.
• D) there are only a few buyers in the market.
• E) there is only one buyer in the market.

---

Definitions:

Low Collateral Value

Low collateral value refers to assets that have declined in worth, offering less security for loans and reducing borrowing capacity.

Credit Scoring

A system used by lenders to evaluate the creditworthiness of potential borrowers, resulting in a score that predicts the likelihood of repayment.

Probability of Default

The probability that a borrower will fail to fulfill their debt responsibilities.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.