____________ Refers to the Assertion That Media Create a "Simulated

question 28

Multiple Choice

____________ refers to the assertion that media create a "simulated" world through the reinforcement of certain images and signs,whereas _________ refers to the belief that people's perceptions,as defined by the media,lead to a sense of a simulated reality.

• A)Simulation;hyperreal
• B)Hyperreal;simulation
• C)Simulation;perception
• D)Hyperreal;perception

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Definitions:

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.