Econ Final

Which is an example of a public good?

In the economic term oligopoly, the word part olig- probably means_____.

What do low prices signal buyers to do?

Which of the following is an example of fiat money?

Which is the opposite of a surplus?

Which market structure is defined by a single producer?

Which of the following factors contribute to market failure?

You can easily carry money in a pocket or purse. This reflects what characteristic of money?

How are economic decisions made in a traditional economy?

You pick up a $1 bill. What are you holding?

The Sherman Act, Clayton Act, and Federal Trade Commission Act were all designed to_____.

What is the main difference between Treasury bonds, Treasury notes, and Treasury bills?

What event in the United States of America forced the U.S. to move away from a strictly market based economy?

Which type of economy is most prevalent in the world today?

The rate of return on a corporate, municipal, or government bond is its ____.

Which of the best describes the influence of high prices on the behavior of producers?

What two investments are at opposite ends of the risk spectrum?

Which of the following explains why products made under a command economy are more likely to be low quality?

Today, America operate a _____ economy.

What do most economists believe is the most efficient way to allocate resources?