Calvin is upset that his neighbor Cindy received a low-interest loan from the state government to...

 

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Calvin is upset that his neighbor Cindy received a low-interest loan from the state government to help her start a new small business but the state government will not offer him a low-interest loan to purchase a new car. What is the best explanation of the difference in treatment? (1 point) O Banks are generally willing to make loans for purchases but not for new business ventures, so the state government must act for new businesses to be started. The state government must have made a mistake; there is no justifiable reason for the difference in treatment described here. The state government offers low-interest loans on a first-come first-served basis each year, and Cindy applied for a low-interest loan before Calvin did. Cindy's activity could contribute much more to economic growth in the state than Calvin's, and Cindy faces greater deterrents to her activity than Calvin Calvin is upset that his neighbor Cindy received a low-interest loan from the state government to help her start a new small business but the state government will not offer him a low-interest loan to purchase a new car. What is the best explanation of the difference in treatment? (1 point) O Banks are generally willing to make loans for purchases but not for new business ventures, so the state government must act for new businesses to be started. The state government must have made a mistake; there is no justifiable reason for the difference in treatment described here. The state government offers low-interest loans on a first-come first-served basis each year, and Cindy applied for a low-interest loan before Calvin did. Cindy's activity could contribute much more to economic growth in the state than Calvin's, and Cindy faces greater deterrents to her activity than Calvin

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The detailed answer for the above question is provided below c The slate government offers lowinterest loans on a firstcome firstserved basis each yea... View the full answer