Public Radio,radio Stations That Rely,in Part,on Listener Support to Stay

question 8

Multiple Choice

Public radio,radio stations that rely,in part,on listener support to stay in business,run the risk of what problem?

• A)a social dilemma
• B)the free-rider problem
• C)group conformity
• D)mass hysteria

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Definitions:

Goldsmiths

Historically, skilled artisans who made objects out of gold, but in economic context, also referred to as early bankers who issued loans and held deposits.

Barter Transactions

Economic exchanges where goods or services are directly swapped for other goods or services without the use of money as a medium of exchange.

Medium Of Exchange

An assisting mechanism utilized for the sale, acquisition, or exchange of commodities among different parties.

ATM Machines

Automated Teller Machines, which are electronic banking outlets that allow customers to complete transactions without the need for a branch visit.