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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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Honduras is a small economy in central america. it keeps a fixed exchange rate with the us. capital is perfectly mobile. you may
rosijanka [135]

Answer:

Given that Honduras is a small economy in Central America, and it keeps a fixed exchange rate with the US, and capital is perfectly mobile, but interest rates are three percent in the US and six percent in Honduras, the explanation of the difference in these interest rates are as follows:

Honduras has a higher interest rate, meaning that its sovereign bonds pay higher values than the American ones, as well as its banks also pay higher interests on their investments compared to American banks.

This is so for a double reason: on the one hand, because the Honduran economy is less reliable than the American economy, which is larger and therefore more solvent and capable of overcoming eventual crises, with which the risk of default is less.

On the other hand, the Honduran economy is more dependent on foreign investment, so it must offer higher interest rates to attract such investments.

5 0
2 years ago
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Explanation: !!!

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6 0
2 years ago
A.Red Company has excess cash to invest and pays Ş 50.000 to buy Ş 50.0000 face value, % 5 five-year B Company’s bonds July 1, 2
likoan [24]

Answer:

Dr Bond investment   $50,000

Cr  cash                                          $50,000

Dr cash                               $1,250

Cr interest revenue                            $1,250

Dr cash                          $50,000

cr bond investment                       $50,000

Explanation:

On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount

On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.

Upon receipt of face value at redemption,the journal entry would be opposite of the initial one

4 0
2 years ago
Ayayai Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200,
Ket [755]

Answer:

Option (B) is correct.

Explanation:

Amount of which adjusting entry required:

= Amount of uncollectible accounts - Balance in Allowance for uncollectible accounts

= (Balance in accounts receivable × Estimated percentage of accounts receivable to be uncollectible) - Balance in Allowance for uncollectible accounts

= ($200,000 × 4%) - $2,000

= $8,000 - $2,000

= $6,000

Therefore, the adjusting entry is as follows:

Bad debt expense A/c      Dr.  $6,000

To Allowance for uncollectible accounts    $6,000

(To record the bad debt expense)

5 0
3 years ago
After nearly 20 years with his company, Mike's job was outsourced. He wants his new job to offer not only a good wage but also j
Sedbober [7]

Answer:

a. intrinsic rewards

Explanation:

Intrinsic rewards at the workplace are those that meet personal, internal needs. These intrisic rewards can be summed up in job satisfaction and sense of accomplishment, but what makes a job satisfying, and what makes a worker feel accomplished is subjective, and varies from person to person.

Mike is focusing on the intrinsic rewards of his new job because he is giving more importance to this subjective aspects explained above than to external factors such as status, or wage.

8 0
3 years ago
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