The economic development minister of a country has a list of things she thinks may explain her country's low growth of real gdp per relative to other countries. she asks you to pick the one you think most likely explains her country's low growth. which of the following contributes to low growth?
a) strong private property rights.
b) low population growth.
c) tariffs and quotas next pa upp

Your answer is c the bank manager might not improve a loan people take big risks when they ask there bank for a loan.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan