The Communications Decency Act Was Struck Down by the Supreme

question 56

Multiple Choice

The Communications Decency Act was struck down by the Supreme Court because it
Violated the

• A)First Amendment right to freedom of speech.
• B)equal time rule of the Federal Communications Commission (FCC).
• C)right of rebuttal of the Federal Communications Commission (FCC).
• D)Fourteenth Amendment due process clause.

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Definitions:

Utility-Maximizing

Refers to the economic principle that individuals or firms aim to achieve the highest satisfaction or benefit from their resources and choices under certain constraints.

Behavioral Economics

The study of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

Basic Economic Theory

Refers to the foundational concepts and principles that explain how individuals, firms, and governments make decisions on allocating scarce resources to satisfy unlimited wants.

Rational Consumers

Consumers who make choices to maximize their utility, based on preferences, budget constraints, and available information.