If You Use a Media Outlet as a Source of Information,you

question 60

Multiple Choice

If you use a media outlet as a source of information,you must:

• A)accurately paraphrase the complicated concepts.
• B)be able to repeat accurately the facts presented in it.
• C)cite the topic by title,network,station,and date aired.
• D)give an honest evaluation of the specific episode.
• E)use your insight to identify its underlying meanings.

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Definitions:

Specialized Resources

Inputs in the production process that have specific uses and are not easily adaptable to other types of production.

Comparative Advantage

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

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.

Total Output

The total quantity of goods or services produced by a firm or an economy in a specific period.