In Europe, Government Regulations Discourage Consumer Credit

question 24

Multiple Choice

In Europe, government regulations discourage consumer credit. "It's to protect the consumer from himself," says Jacques Zeegers, secretary general to the Belgian Banking Association. As far as Mr. Zeegers is concerned, the government should worry that there is a failure caused by:

• A) distributional issues.
• B) rationality problems of individuals.
• C) violations of inalienable rights.
• D) economic efficiency.

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Definitions:

Notation "cc"

A notation used in written correspondence indicating that a copy of the document has been sent to another party; stands for "carbon copy."

Letter And Memo

Written forms of communication, where letters are typically more formal and memos are used for internal communication.

Cultural Differences

The variations in beliefs, behaviors, norms, and customs among different groups or societies, often influencing communication and interaction.

Flaming

The act of posting hostile or insulting messages online, typically in forums or comment sections, to provoke or offend.