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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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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The concept of synergy can best be described as ______.

(Multiple Choice)
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In 2006, Disney CEO Robert Iger merged the company with ______.

(Multiple Choice)
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The transition to an information economy was characterized by ______.

(Multiple Choice)
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Disney now owns Iron Man, Spider-Man, and X-men.

(True/False)
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The term synergy describes the dynamic creative energy of media corporations such as Disney.

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The movement toward business deregulation started during the presidency of Ronald Reagan (1981-1989).

(True/False)
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How have media mergers changed the economics of mass media?

(Short Answer)
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Given that ______ percent of new media products fail, a flexible economy demands fast product development and market research.

(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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Disney expanded its global reach by ______.

(Multiple Choice)
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The twentieth century saw a shift away from a manufacturing economy to a(n) __________________ economy in the United States.

(Short Answer)
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Former CBS broadcast chief William Paley once argued that anyone who attacked the commercial broadcast system was attacking democracy itself.

(True/False)
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An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety in what they actually produce.

(True/False)
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This corporation owns the ABC television network: _______________________.

(Short Answer)
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Synergy typically refers to the promotion and sale of different versions of a media product across the various subsidiaries of a media conglomerate.

(True/False)
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Our society has been reluctant to debate the inequalities inherent in mass media ownership and has gradually collapsed the critical distinctions between ______.

(Multiple Choice)
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The purpose of the 1950 Celler-Kefauver Act was to limit corporate mergers and joint ventures that reduced competition.

(True/False)
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What are the three basic structures of today's mass media industries, and how do they differ?

(Essay)
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