What Tools Does the FCC Have That It May Employ

question 11

Multiple Choice

What tools does the FCC have that it may employ for violation of its rules?

• A) The FCC may confiscate a media outlet and take over its operations.
• B) The FCC may force a media company to forward all profits to the federal government.
• C) The FCC may revoke a broadcasting license or impose a fine for each violation.
• D) The FCC has no power to employ sanctions against a media outlet.
• E) The FCC issues only advisement, referring all violations to the FBI.

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to others.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Productive Advantage

Occurs when a country, business, or individual produces a good or service at a lower opportunity cost than competitors, leading to more efficient production.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service with a lesser opportunity cost compared to its rivals.