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denpristay [2]
3 years ago
5

Is a good economist always objective? Explain

Social Studies
1 answer:
Leno4ka [110]3 years ago
4 0

Answer:

Economics is described as a social science focused on studying the ordinary business life of people involving their relationship with utility, particularly in production, consumption, and distribution of products and services. It is used in different fields to portray scarcity and utilization of available resources. Therefore, economics exists in any situation that involves the addition of an item which causes a decrease in another. Different economists have designed theories to explain various economic concepts and principles.

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Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agree
Alekssandra [29.7K]

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.  

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Answer:

He used philosophy of Legalism which gave absolute power to the king and encouraged strict laws and harsh punishments.

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3 years ago
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