It Is Lawful to Refuse to Extend Credit to a Consumer

question 23

Multiple Choice

It is lawful to refuse to extend credit to a consumer based on the consumer's:

• A) race.
• B) marital status.
• C) credit history.
• D) age.

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Definitions:

Conservation

The prevention of wasteful use of resources, or the protection and preservation of the natural environment, heritage, or culture.

Resource Economists

Specialists who study the allocation, utilization, and conservation of natural resources from an economic perspective.

Price Elasticities

measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Resource Depletion

The consumption of finite or non-renewable natural resources, leading to a reduction in their availability over time.