The Truth in Lending Act of 1968 protects consumers by requiring clear disclosure of the cost of credit. What can be expected to happen to the cost of credit given the current administration's plans for student loans to not be repaid?

Group of answer choices

The cost will increase, and fewer banks will offer loans.

Banks will adjust and disregard their prior losses.

Students will find it easier to obtain loans in the future.

Lenders will be willing to ignore other debts similarly.

Which of the following is the best example of a product or service that generates external benefits?

Group of answer choices

Fireworks

Beer

Automobiles

Cell phones

Offer one example that you have thought of on your own that illustrates the property of transitivity. Be sure to indicate explicitly how your example illustrates the property.