What Did Chomsky and Herman Warn Would Be a Consequence

question 45

Multiple Choice

What did Chomsky and Herman warn would be a consequence of concentrated media ownership?

• A) Elites will control a major source of socialization and legitimize norms that benefit them.
• B) Nepotism will put unqualified people in places of power within media conglomerates.
• C) New ideas will be given equal time to ideas that support and maintain the status quo.
• D) Corporate competition will lead to a clash of ideas and possibly a more polarized electorate.

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Definitions:

Rationality

In economics, rationality refers to the assumption that individuals make decisions based on complete information, aiming to maximize their benefit or utility.

Neoclassical Economics

A strategy within economics aimed at understanding how the distribution of products, earnings, and outputs is governed by the forces of supply and demand.

Behavioral Economics

An area of study that combines insights from psychology with economic theory to better understand decision-making by individuals and institutions.

Status Quo Effect

The tendency for individuals to prefer to keep things as they are rather than change, often driven by loss aversion and decision-making biases.