Answer:
Economists are important because they study a certain resource and figure out how to distribute it to others to get as well.
Explanation:
For example, An Economist might be studying a very scarce resource. This resource is something that is needed in everyday life. What an economist will do is find a way to make sure this resource is available to everyone. They could so this by creating another version of it or a different kind of it to distribute. Then they are helping the economy.
Answer:
People tend to make systematic and predictable mistakes in their thinking. These mistakes are called biases.
Explanation:
Humans are not perfect decision makers. Everyday humans make numerous decisions and try their best to be rational. But many times, our cognitive limitations prevent us from doing so. In systematic and predictable ways, we do drift away from perfection. Even if we take each step properly to make a decision by first defining the problem, then thinking of alternatives for the solution and then take a decision, one is bound to get affected by cognitive thinking. Such mistakes that humans make are called biases. They affect the judgement of even a very talented human being.
Truth in Lending Act is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement
<h3><u>
Explanation:</u></h3>
The Truth in Lending Act (TILA) passed in 1968 to take care whether the consumers are treated fairly by revealing about the true cost of credit. The credit documents should be made very clear to the consumers. It does not place limitations on banks about how enough interest they may impose or whether they must give a loan.
This TILA statement includes annual percentage rate, schedule of payment and finance charges and the repayment within loan lifetime. Regulation Z is alternative name for Truth in Lending Act. Both the terms can be used in all aspects of lending and credit card purposes.
The correct answer c my peeps
<h3><u>question</u></h3>
<h3><u>what's the difference between Equality and Equity?</u></h3>
<h2><u>equality</u></h2>
- <u> </u><u>it </u><u>treats</u><u> </u><u>the</u><u> same exact way, regardless of need or any other individual </u><u>difference</u>
<h2><u>equity</u></h2>
- <u>everyone is provided with what they need to succeed.</u>
<h2><u>hope</u><u> it</u><u> helps</u></h2>
