Read the following example and determine whether it illustrates a common critique or defense of advertising.

while shopping for soda, frances is trying to determine whether to purchase the generic cola or the brand zcola. although she would not notice the difference between the two in a blind taste test, she buys the higher-priced zcola because she has seen it advertised as being "the drink that's the life of partiez."

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?