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Econ Exam 3 Test

Enter the letter for the matching Answer
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1.
Workers' earnings as determined by...
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2.
What is the largest category of government expenses?
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3.
In which type of market are there numerous sellers with identical products?
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4.
Oligopoly and monopolistic competition are markets determined by _________ competition.
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5.
To combat a recession, the Federal Reserve should a...
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6.
A market which is most efficient when their is a single large firm providing all of the output such as a utilities or internet provider, is what type of monopoly?
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7.
The combining of two or more businesses involved in different steps of producing or marketing a product or service is a...
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8.
What is the largest category of government revenue?
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9.
What is the main disadvantage of both sole proprietorship and partnerships?
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10.
What is government policy which the economy through altering the money supply?
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11.
The joining of two or more companies that offer the same or similar products or services is a...
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12.
A businesses composed of companies that produce unrelated good or services is a...
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13.
What is the largest category of mandatory spending?
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14.
A tax hat takes a higher percentage of lower incomes is what type of tax?
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15.
In which type of market are there numerous sellers with differentiated products?
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16.
A monopoly on a patented product/invention is what type of monopoly
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17.
___________ is competition amongst many firms where they try to offer the lowest price to attract as many customers as possible.
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18.
A Flat Income Tax is what type of tax?
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19.
Total of all outstanding debt owed by the government...
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20.
In which type of market structure is there on seller and no competition?
A.
Unlimited Liability
B.
Vertical Merger
C.
Social Security
D.
Pure Competition
E.
Technological Monopoly
F.
Income Tax
G.
Price Competition
H.
Monetary Policy
I.
Non-price
J.
Conglomerate Merger
K.
Horizontal Merger
L.
Natural Monopoly
M.
Regressive
N.
Monopoly
O.
National debt
P.
Monopolistic Competition
Q.
Productivity, incentives, and collective bargaining
R.
Proportional
S.
Mandatory spending
T.
Loose Money Policy
Type the Answer that corresponds to the displayed Question.
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21.
Which type of business must sell stocks and makes up 80% of all business revenue?
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22.
Which type of business has only one owner and is most common in the US?
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23.
A company which holds a monopoly is a geographically isolated area, is what type of monopoly?
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24.
Goods provided by the government and consumed by the public are...
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25.
In which type of market are there a few sellers with differentiated products?
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26.
Situation when spending exceeds revenue...
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27.
A government owned monopoly is what type of monopoly?
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28.
Situation when revenue exceeds spending...
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29.
Which type of business has two or more owners?
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30.
What organization represents the rights of workers in regards to wages, benefits, working conditions, and job security?

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Created by: daniel.owen
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