Which statement defines the term credit? . a) an arrangement to buy or use now and pay later. b) an arrangement to pay first and buy or use later. c) an arrangement to use other people's cash.

Consider two ways to protect your car from theft. the club (a steering wheel lock) makes it difficult for a car thief to take your car. lojack (a tracking system) makes it easier for the police to catch the car thief who has stolen it. if a car thief encounters a car with the club and a car without it, the car with the club imposes a externality on the car without the club. a policy implication from this result includes a those who use the club.