Down payments are designed to reduce the likelihood of default on mortgage loans

History shows that as many as 75% of all new products fail; this is mostly because:

a. They were bad products b. There were environmental problems (e.g., poor economy) that caused them to fail c. They were marketed poorly d. The entrepreneurs that introduced them were lazy

Purchasing power differences can account for differential in demand of products and services, and also provide an indication on differences in costs

Indicate whether the statement is true or false