Scenario 4-1 A Group Called Adbusters Has a Website Containing Many Pages

question 101

Multiple Choice

Scenario 4-1
A group called Adbusters has a website containing many pages that address issues of consumption and culture, media practices, and corporate responsibilities. For example, "The momentum has clearly accelerated. By some measures humans have used more physical resources since World War II than in all of history before it. It's now taking a toll beyond anything we could ever have imagined. What does it mean when one sixth of the world's population consumes without any real restraint?" Throughout the website, there are many references to advertising's role in creating and maintaining this situation. Not surprisingly, virtually all of the references to the practice of advertising are negative. 
-(Scenario 4-1) Some philosophies regarding our path to overconsumption proposed by Adbusters echo the words of advertising historian Stephen Fox when he wrote,"One may build a compelling case that American culture is- beyond redemption-money-mad,hedonistic,superficial,rushing heedlessly down a railroad track called Progress." Fox then concluded that advertisers: 

• A) are not creating the American way of life, but just reflecting it, good or bad. 
• B) have nothing to do with the fact that all modern cultures have essentially become obsessed with consumption, not just America. 
• C) are the self-serving manipulators and hidden persuaders who have created this situation. 
• D) are to be blamed for the reckless lifestyle and behavior of modern day youth.

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Definitions:

Supply of Labor

The total hours that workers are willing and able to work at a given wage rate, over a certain time frame.

Supply of Capital

The total resources, financial and otherwise, available for investment in production.

Dual Labor Market

describes an economy divided into two segments: a primary sector with secure, well-paid jobs, and a secondary sector with insecure, poorly paid jobs.

Primary Labor Market

Refers to jobs that provide high wages, benefits, job security, and opportunities for advancement.