Why Are Some People in Poorer Countries Concerned About the Western

question 61

Multiple Choice

Why are some people in poorer countries concerned about the Western media products being imported into their countries?

• A) They fear that local culture will be eroded.
• B) They are concerned that they will not be able to make enough money with local media.
• C) They think that citizens will leave their country to go to the United States.
• D) They worry that big corporations will move in and increase pollution in their country.

Understand the concepts of nominal and real exchange rates.

Analyze the effects of inflation on currency value and purchasing power.

Recognize how exchange rates impact international trade and goods' pricing.

Understand purchasing-power parity and its exceptions.