The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

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Answer 1

Question

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

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5. We learnt the following equation in the class: Ak = sy - (n + 8)k where y = ko. Now, I transform this equation into: Ak/k = sy/k - (n + 8). I want you to use a diagram to show the steady state solution of this equation (In the diagram, there will be two curves - one represents sy/k and one represents (n + 8). In the steady state, of course, Ak/k = 0). In this diagram, the x-axis is k. What will happen to this diagram if the value of n increases?

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Answer 2

Question

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

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Answer 3

Question

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

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Answer 4

Question

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

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Answer 5

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

Answer 6

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

Answer 7

Chapter 2, Problem 1Q

To determine

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Answer 8

Expert Solution & Answer

Explanation of Solution

No, he should not take the loan from a loan shark because there may be a cost-benefit hidden behind the loan but non-monetary expenses that may be incurred after taking the loan from a loan shark is very huge. A loan shark reimburses the loans illegally without having any authority of providing the loans to the general public. Taking a loan from a loan shark involves a high degree of risk and a very high rate of interest upon the loan.

Loan sharking cannot be legalized because they charge very high-interest rates upon the loans reimbursed and the government shall not allow them to do so keeping in mind their acts of violence and the poor population of the country. The results of availing of this loan facility will be very adverse and there may be a risk upon the person’s life.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Introduction: A loan shark is an individual or body who offers credits at high loan fees without holding significant approval from the money-related controller. Generally, the rate of interest charged by them is very high than the commercial loan interest rates.

Answer 12

Ch. 2 - Prob. 1Q Ch. 2 - Prob. 2Q Ch. 2 - Prob. 3Q Ch. 2 - Prob. 4Q Ch. 2 - Prob. 5Q Ch. 2 - Prob. 6Q Ch. 2 - Prob. 7Q Ch. 2 - Prob. 8Q Ch. 2 - Prob. 9Q Ch. 2 - Prob. 10Q

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

The result of availing the loan facility from a loan shark and whether the loan sharking can be legalized.

Explanation of Solution

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