Every Few Months,public Radio Announces a Call for Pledge Support

question 148

Multiple Choice

Every few months,public radio announces a call for pledge support.During this time,it asks listeners to contribute to their local public radio station.Although they raise money during this time,it often falls short of the amount they wish to raise because:

• A)they do not make the pledge period long enough.
• B)listeners know they will be able to hear public radio,even if they don't contribute.
• C)public radio free-rides on the listeners.
• D)the marginal social cost equals the marginal social benefit of public radio listening.

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Definitions:

Inflation Rate

A measure reflecting how much prices of goods and services have increased in a given period, reducing the purchasing power of money.

Market Basket

A set combination of goods and services used as a consistent measure to track the cost of living and inflation through price changes over time.

Basket of Goods

A selected group of products whose prices are tracked over time for the purpose of measuring inflation.

Base Period

A specific time period used as a benchmark for comparing economic data over time.