Herbert Gans Found That Beliefs Like Ethnocentrism and Small-Town Pastoralism

question 29

True/False

Herbert Gans found that beliefs like ethnocentrism and small-town pastoralism consistently affect American journalists' judgment.

---

Definitions:

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a price change.

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time.

Income Elasticity

A measurement of how the demand for a good or service changes in response to changes in consumers' income levels.