Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 16 - Rent, Interest, and Profit - Discussion Questions - Page 378: 9

Answer

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Work Step by Step

You must be careful with who you allow to take out loans, so this should not be allowed. After all, a large part of what caused the 2007 financial crisis is that companies allowed people to take out loans that they could not pay off.
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