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Olin [163]
3 years ago
13

g 7. Problems and Applications Q3 Gilberto loves watching Downton Abbey on his local public TV station, but he never sends any m

oney to support the station during its fundraising drives. Economists would call Gilberto a . True or False: The government cannot solve the problem caused by people like Gilberto. True False True or False: The private market can solve this problem by asking people to send in $1 every time they watch Downton Abbey. True False
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

free rider

False

Explanation:

✓Gilberto loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fundraising drives. Economists would call Gilberto ?

Answer:Free rider

Free rider can be regarded as a kind of market failure, this usually take place whenever people are enjoying the public resources, as well as services expect others to pay but himself doesn't pay or there is underpay.

✓The government cannot solve the problem caused by people like Gilberto?

Answer:TRUE.

The government cannot solve the problem since, it's local public TV station. The only way government can help is to pay and sponsor the show which can be achieved by tax revenue that government is collecting from the public.

✓The private market can solve this problem by asking people to send in $1 every time they watch Downton Abbey.

Answer: FALSE

The suggested ways by which the private market can help is to add "Commercial" into the program show then make people to watch, then through that commercial money will be generated.

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At the end of the year, Green Company had retained earnings of $2,640,000. During the year, the company issued stock for $120,00
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Answer:

The retained earnings at the beginning of the year was $ 2,253,000 .

Explanation:

Retained earnings at the end of the year = Retained earnings at the beginning of the year + Net income - Dividends

Retained earnings at the beginning  = Retained earnings at the end of the year - Net income + Dividends

= $2,640,000 - $412,000 + $25,000

= $ 2,253,000

Therefore, the retained earnings at the beginning of the year was $ 2,253,000 .

5 0
3 years ago
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Answer:

Option "C" is the correct answer to the following situation.

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Explanation:

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Marie uses a combination of statements and questions when trying to sell goods to potential buyers and tries to construct statements and questions so that the prospective buyer can receive beneficial responses.

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Answer:

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Explanation:

hope this helps

6 0
3 years ago
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