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Econ Final Review #3 Flashcards | StudBud
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Econ Final Review #3
The graph above illustrates
The graph above illustrates
Econ Final Review #3
26 terms
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#pshs #econ
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
The graph above illustrates
inelastic supply
inelastic demand
elastic supply
elastic demand
2
The graph above illustrates
Inelastic Supply
Elastic Demand
Elastic Demand
Inelastic Demand
3
The New York Stock Exchange (NYSE) is
represents the top 500 corporations
index that represents largest corporations bought and sold
largest and most powerful stock exchange
a collection of financial assets
4
Which graph illustrates the market for
Blackhawks tickets
after they won the Stanley Cup?
D
B
C
A
5
This type of unemployment is when workers search a long time to find a job
Frictional
Structural
Cyclical
Seasonal
6
Seasonal unemployment is when
workers do not have needed skills
workers search for a long time to find a job
Rises or falls based on the economy
workers are needed only part of year
7
Two goods that are bought in place of one another are
Inferior Goods
Substitutes
Complements
Normal Goods
8
A good for which demand increases when income increases are
inferior goods
normal goods
substitutes
complements
9
The above graph illustrates
Decrease in Demand
Increase in Demand
Decrease in Supply
Increase in Supply
10
Market structure with many first that produce
identical
products
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
11
Which graph illustrates the market for
cars
when there is
an increase in assembly technology?
D
B
A
C
12
Market structure in which a
few
firms dominate the market
Oligopoly
Perfect Competition
Monopoly
Monopolistic Competition
13
S&P 500 is
represents the top 500 corporations in the stock market
index that represents largest corporations bought and sold
largest and most powerful stock exchange
a collection of financial assets
14
Which graph illustrate the market for
jelly
when the
price complement of peanut butter goes up
?
B
D
A
C
15
Market structure with many firms, that produce
similar
but not identical products
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
16
The above graph illustrates
Decrease in Demand
Increase in Supply
Increase in Demand
Decrease in Supply
17
Market structure in which one firm dominates the market
Monopolistic Competition
Monopoly
Oligopoly
Perfect Competition
18
This is a collection of financial assets
NYSE
Portfolio
The Dow
S&P 500
19
The graph above illustrates
elastic demand
elastic supply
inelastic demand
inelastic supply
20
A good in which demand increases when income decreases are
Substitutes
Inferior Goods
Complements
Normal Goods
21
This type of unemployment is due to highs and lows of the economy
Seasonal
Structural
Cyclical
Frictional
22
Complement goods are
two good that are bought and used together
goods that demand increases when income decreases
goods that demand decreases when income increases
Two goods that are bought in place of one another
23
The graph above illustrates
inelastic supply
inelastic demand
elastic demand
elastic supply
24
This is an index that represents the largest corporations bought and sold in the stock market
S&P 500
Largest and most powerful stock exchange
NYSE
The Dow
25
Which graph illustrates the market for
gasoline
if there was a large fire on the oil platform
D
B
A
C
26
Structural unemployment occurs when
rises or falls based on the economy
workers do not have needed skills
workers are needed only part of the year
workers search for a long time to find a job
