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Quiz for AHRM 4314 - Debtor-Creditor Relationships with Glynn at Virginia Tech (VT)

Quiz Information

Material Type:Quiz 8
Professor:Glynn
Class:AHRM 4314 - Debtor-Creditor Relationships
Subject:Apparel, Housing, & Resour Mgt
University:Virginia Polytechnic Institute And State University
Term:Fall 2005
Keywords:
  • Regulations
  • Behind (of)
  • Perspective
  • Relationship
  • Relationships
  • Such Factors
  • Organizations
  • Alternatives
  • Expenditures
  • Simple Interest
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QUI Z #8-with answers 1\I1~JA L( '3 I L( peDs Name, __________________________ ___ 1. (20) The need for consumer credit protection laws/regulations is constantly debated among lawmakers, economists, consumer advocates, etc. In class, two opposing perspectives were discussed; one advanced by Alan Greenspan and the other advanced by John Kenneth Galbraith. The positions of both men were presented in papers distributed in class. Outline the central arguments made by each person with respect to consumer protection laws. To just say one was "for" and one was "against" is not a sufficient response to the question. It is necessary to elaborate why each writer advocated a particular position. What was the reasoning behind the position of each person? Alan Greenspan-HThe Assautt on Integrity. II Is opposed to consumer protection - -- - laws/regulations in general. Argues that protection of the consumer by regulation is illusory. Rather than isolating the consumer from the dishonest busi...

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