Market Strutures
This is the least competitive market structure, with only one major firm controlling the market.
What is a monopoly?
This type of business structure is the most common, most likely because it is the easiest to start.
What is sole proprietorship?
When the government spends more than it brings in, it can accumulate over the years and becomes this.
What is debt?
In economics, this is the term for effort of each supplier to be the one who meets the demand of as many consumers as possible.
What is competition?
This actor won the Oscar for Best Actor in a Leading Role for his performance as the title character in "King Richard".
Who is Will Smith?
In this type of market structure, a few firms control the majority of the market, which can lead to competition or (illegally) cooperation.
What is an oligopoly?
This type of business structure allows for multiple parties to join together to share risks and profits.
What is a partnership?
This type of government spending is required by law.
What is mandatory spending?
This makes up the largest amount of revenue for government spending.
What is individual income taxes?
What is Science?
This type of market structure is the most competitive, with price being used to differentiate between identical goods/services.
What is perfect/pure competition?
This type of business structure is able to raise the most financial capital, mainly through the sale of stocks.
What are corporations?
This is the term for when spending supersedes the budget.
What is deficit?
This is the largest category of government spending that is not required by law.
What is Defense?
The room number for Ms. Le's classroom.
What is H201?
This refers to the obstacles that prevent businesses from entering a market.
What are barriers to entry?
This is the term for accepting responsibility for a business, usually in the form of legal responsibility to pay debts.
This is the term for government spending that is involves annual decisions as to where to allocate funding.
What is discretionary spending?
This allows for labor unions to negotiate as a group with their employer for better working conditions and wages.
What is collective bargaining?
This term is used to refer to the Russian oligarchs who became "self-made" billionaires.
Who are kleptocrats?
Wireless networks would be a prime example of this type of market structure.
What is an oligopoly?
In this type of business structure, a larger (parent) company allows for exclusive sales rights to an individual in return for royalties and fees.
What is a franchise?
Name two areas that receive funding from mandatory government spending.
The era of U.S. history which saw the highest increase in pro-union legislation, child labor laws, etc.
What is the Great Depression?
Name everybody by their first name in the classroom.
See teacher for validation.