Which of the Following Statements Is NOT True of the Microcredit

question 159

Multiple Choice

Which of the following statements is NOT true of the microcredit system in South Asia?

• A) Most of the loans are made to women.
• B) The loans usually pay the start-up costs of small enterprises.
• C) Microcredit is based on a system of borrowers who are organized into small groups that are collectively responsible for repaying the loan.
• D) While microcredit has been somewhat successful, more than half the loans are not repaid.

Understand the use of advanced therapies, such as photodynamic therapy, in treating cancer.

Understand the concept of cost functions and how they are influenced by output levels.

Recognize the relationship between marginal, average, and total costs in different production scenarios.

Identify the conditions under which a firm will choose to produce or shut down in the short run based on cost and price information.

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Definitions:

Fourteen Points

A statement of principles for world peace that was used for peace negotiations to end World War I, proposed by President Woodrow Wilson in 1918.

War Industries Board

A U.S. government agency established during World War I to coordinate the production of war materials and the distribution of industrial products.

National Economy

The total economic activities and policies within a country, encompassing production, consumption, and trade of goods and services.

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses.