Exam 13: Media Economics and the Global Marketplace

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The era of downsizing coincided with an increase in workers who belong to labor unions.

(True/False)
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Describe three negative effects of media consolidation.

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Use the following to answer questions.Match the federal laws with their effects.
Celler-Kefauver Antitrust Act
Limited anticompetitive mergers
1996 Telecommunications Act
Permitted telephone companies entry into the TV business
Broke up the Standard Oil Company
Correct Answer:
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Premises:
Responses:
Celler-Kefauver Antitrust Act
Limited anticompetitive mergers
1996 Telecommunications Act
Permitted telephone companies entry into the TV business
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Which is a term that describes what happens when one society exports an overwhelming surge of media images that strongly influence everything from fashion styles to views of morality?

(Multiple Choice)
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The exportation of U.S.entertainment media is sometimes viewed as ______ because it discourages the development of original local products and value systems.

(Multiple Choice)
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The global economy has reduced prices to the point where most low paid workers in Third World factories can afford the stereos and TV sets they help manufacture.

(True/False)
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Government controls over business were drastically weakened during the presidency of Ronald Reagan (1981-1989).

(True/False)
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Name and describe the trend for governments to take a decreasing role in monitoring the structure and content of media (as well as other industries).

(Short Answer)
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A monopoly exists when a small number of firms control an industry, either nationally or locally.

(True/False)
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The promotion and sale of a product (in all its versions) throughout the various subsidiaries of a media conglomerate is called _______________________.

(Short Answer)
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The twentieth century saw a shift away from a manufacturing economy to a/an __________________ economy in the United States.

(Short Answer)
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Which statement best reflects the progress of U.S.labor unions over the last seventy years?

(Multiple Choice)
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Most media companies spread out their holdings among various types of mass media rather than trying to control one medium, to avoid monopoly charges.

(True/False)
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Which of the following statements regarding the U.S.government's action against monopolies in the late 1800s to early 1900s is false?

(Multiple Choice)
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The billion-dollar mergers and takeovers that swept the mass media in the 1990s were possible because of ______.

(Multiple Choice)
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Which of the following is a characteristic of the shift from an industrial to an information economy?

(Multiple Choice)
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Of the new digital media conglomerates, which one has a main strength of search advertising?

(Multiple Choice)
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Why do some critics charge that concentration of media ownership in the hands of a few large conglomerates is antidemocratic?

(Short Answer)
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American culture dominates global markets partly because it is appealing and partly for economic reasons.

(True/False)
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Most citizens of developed countries have a wide range of media products available to them, but have little say in which media are created and circulated.

(True/False)
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