As some people think that everyone would be better off if banks and other financial institutions stopped issuing loans or credit cards, the statement that supports this argument is People would be less likely to become overwhelmed by debt.
<h3>What is the function of loans or credit cards?</h3>
Both the loans or credit cards are form of credit service offered by financial institutions.
Basically, the Personal loans offer borrowed funds in one initial lump sum with relatively lower interest rates and must be repaid over a finite period of time while the Credit cards give a borrower access to funds as long as the account remains in good standing.
Hence, the statement that supports this argument is People would be less likely to become overwhelmed by debt.
Therefore, the Option C is correct,
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Answer:
The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs.
The short run firms are only able to influence prices through adjustments made to production levels.
Answer:
current societal norms rendered the charitable immunity doctrine inapplicable to this case and that fundamental fairness allowed the court to deviate from established case precedent and find for Flagiello.
Explanation:
In Appeals, Nos. 293 and 351, Jan. T., 1964, from judgments of Court of Common Pleas No. 4 of Philadelphia County, Dec. T., 1963, No. 4018 is found a case of Mrs. C Mary, and her husband Thomas Flagiello against the Pennsylvania Hospital, in which the Flagiellos rightly stated that Mrs Mary was injured in the Pennsylvania Hospital where she paid $24.50 a day for hospital facilities and nursing care. An action of trespass was brought against the medical institution and two employees were said to be involved.
The hospital accepted their wrong doings but they should not be liable since they are an organization dependent on charity. After series of legal proceedings, the court finally affirmed that precedents would not be followed in the case and that charities, like the hospital, must be liable
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