I am in a market with two hundred sellers and 1,500 buyers. The products are all fairly standardized, and the independent buyers/sellers are all well informed. It would be $10 to buy a stand in the market.
What is perfect competition.
100
When prices rise while businesses struggle.
What is stagflation?
100
A paper note that is used in place of one ounce of gold.
What is representative money?
100
Putting money into the stock market.
What is an investment?
200
Portland Trailblazers are an example of what kind of structure?
What is a geographical monopoly?
200
When real GDP has expanded.
What is economic growth?
200
Bank chartered and licensed by the national govt.
What is the National Bank?
200
A credit union.
What is an example of a financial intermediary?
300
-Many buyers and few sellers
-standardized or differentiated products
-Some control of prices
-Little freedom to exit/enter the market
What are characteristics of an oligopoly?
300
Paper money and coins are equal to the value of a certain amount of gold.
What is a gold standard?
300
A company has stocks in seven different companies, and has financial experts to advise them on how to manage these stocks. This is an example of
What is a mutual fund?
400
Levi Strauss offers a free pair of Levi shoes with every pair of jeans sold to sell more jeans than their competitors.
What is an example of non-price competition
400
A trend where teenagers want apple headphones fades when Beats by Dre are released.
What is an example of a demand slump/consumer expectation?
400
Taking out a loan on a house.
What is a mortgage?
500
AT&T being split up into several smaller companies.
What is an example of antitrust legislation.
500
When the sum of all the demand of the economy is the same as the sum of all the supply of the economy.