Cultivation Primarily Occurs in Two Ways

question 21

Multiple Choice

Cultivation primarily occurs in two ways. One, _____, describes the process whereby viewers see things on television that are most congruent with their own everyday realities.

• A) mainstreaming
• B) resonance
• C) mean-world
• D) attitude shaping

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Definitions:

Bid-ask Spreads

The variation between the top price a buyer intends to pay (bid) and the bottom price a seller is prepared to take (ask) for an asset.

Market Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Competitive Industry

Competitive industries are characterized by three factors: (1) firms produce a product or service with very close substitutes meaning demand is very elastic, (2) firms have many rivals and no cost advantage over those rivals, and (3) the industry has no barriers to entry or exit.

Market Demand

The total volume of goods or services that consumers in a specific market are willing and able to purchase at different price levels.