Why wasn't everyone else already implementing group responsibility to lend to the poor in the example in the text?
A. Governments of poor countries had regulations against group responsibility.
B. The idea was genuinely new.
C. It was not profitable.
D. It was easy for groups to provide false social security numbers for members that did not exist.
B. The idea was genuinely new.
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A normal good is defined as a good
A) for which demand increases when income increases. B) with a downward sloping demand curve. C) for which demand increases when the number of demanders increases. D) for which demand increases when the price of a substitute rises. E) for which demand increases when the price of a complement falls.
The average benefit of n units of an activity is the:
A. n divided by the total benefit of n units. B. n times the total benefit of n units. C. extra benefit from carrying out one additional unit of the activity. D. total benefit of n units divided by n.
Comparable worth is the principle that:
a. men and women should be paid comparably. b. employees who perform comparable jobs should be paid the same wage. c. the wage rate equals the value of productivity. d. goods and services priced the same have about the same worth.
Terrell, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is
a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.