In a Dispute Over Media Content, a Media Literate Person

question 32

Multiple Choice

In a dispute over media content, a media literate person has the option of pressuring

• A) producers
• B) exhibitors
• C) advertisers
• D) all of these

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Definitions:

Flexible Exchange Rates

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market.

Trade Deficit

The amount by which a nation’s imports of goods (or goods and services) exceed its exports of goods (or goods and services).

Purchasing-Power-Parity Theory

The idea that if countries have flexible exchange rates (rather than fixed exchange rates), the exchange rates between national currencies will adjust to equate the purchasing power of various currencies. In particular, the exchange rate between any two national currencies will adjust to reflect the price-level differences between the two countries.

Inflation Rates

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.