In Democratic Societies, the News Media Are Expected to

question 6

Multiple Choice

In democratic societies, the news media are expected to

• A) provide an electoral forum for parties and candidates.
• B) deliver substantive public affairs information.
• C) serve as a check on elected officials.
• D) All of these are correct.

---

Definitions:

Market Efficiency

The extent to which stock prices reflect all available, relevant information, making it impossible to consistently achieve higher returns without assuming additional risk.

Selection Bias

A distortion of statistical analysis resulting from the method of collecting samples, leading to data that is not representative of the population being studied.

Magnitude Issue

Refers to the scale or size of an issue or problem, often implying its significance or impact in a particular context.

Momentum Effect

The tendency for securities that have performed well in the past to continue performing well in the future.