Show:
Business Firms
Market Structures
Labor
Workers
Grab Bag
100
a business owned by a single individual
What is a sole proprietorship?
100
When a single seller has complete control over one kind of good or service
What is a monopoly?
100
This is a government set wage floor.
What is minimum wage?
100
these argue for increased wages and better worker protection
What is a labor union?
100
Not performing the agreed amount of work.
What is shirking
200
These are businesses who borrow their name from a national company?
What are franchises?
200
in this market structure buyers are in control of prices.
What is a perfectly competitive market?
200
big "box stores," like Walmart and Best Buy drive down prices, but also drive down these inadvertently.
What are wages?
200
Unions are modeled after which form of government?
What is a democracy?
200
These laws are designed to increase competition in markets.
What are anti-trust laws?
300
When two or more people share the decision making authority they have this.
What is a partnership?
300
in this market structure there are an extreme amount of barriers to enter as a new business.
What is a monopolistic market?
300
in order to increase your wage potential, you must first increase this.
What is \education?
300
this is a unions primary weapon to force an end to labor disputes.
What is a strike.
300
GM is gambling its future on this.
What is the Chevy Volt
400
these are incredibly difficult to set-up, but can easily raise large sums of money through issuing stocks and bonds.
What are corporations?
400
in this market, supply and demand call the shots.
What is a perfectly competitive market?
400
Athletes make ridiculous salaries because of this economic concept? (think back to unit one)
What is scarcity?
400
Unions can cause businesses to be less...
What is competitive?
400
this company is slowly removing competition from the consumer market.
What is Wal-Mart?
500
the advantages include total control of decisions, ease of formation, and total ownership of profit.
What is a sole proprietorship?
500
There are few sellers in this market.
What is an oligopoly?
500
The argument against government intervention into labor issues (like minimum wage) is that it interferes with this.
What is the free market/free enterprise?
500
this company has the most aggressive anti-union campaign in recent history
What is Wal-Mart?
500
ladies night is an example of this?
What is price discrimination?