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If I can buy a car today for $4000 and it is worth $9000 in extra income to me next year because it enables me
If I can buy a car today for $4000 and it is worth $9000 in extra income to me next year because it enables me to get a job as travelling salesperson, should I take out a loan from Larry the Loan Shark at an 85% interest rate if no one else will give me a loan? Will I be better or worse off as a result of taking out this loan? off by assuming that without the loan I would V take out the loan from Larry the Loan Shark. As a result of taking out the loan, I will be buy the car after next year for the same price without a loan. Can you make a case for legalizing loan sharking? O A. Yes, since loan sharking always makes borrowers and lenders better off O B. Yes, since there are some cases where loan sharking can make borrowers better off O C. No, since loan sharking is a violent activity OD. No, since loan sharking exploits borrowers
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