A Normative Theory Describes the Way Media Systems _____

question 6

Multiple Choice

A normative theory describes the way media systems _____.

• A) ideally should be structured
• B) are structured currently
• C) will be structured in the near future
• D) have codes of ethics to encourage professionalism

---

Definitions:

Long Run

A period of time in which all factors of production and costs are variable, allowing for adjustment to changing market conditions.

Short Run

A time period in which at least one input is fixed, limiting the adjustments that a firm can make to its production.

Binding Price Ceiling

A binding price ceiling is a government-imposed limit on the price charged for a product that is set below the market equilibrium price, leading to shortages.

Tax

A financial charge imposed by the government, required for the support of the government and public services.