Econom-nom-nomics

Question 1

Law that states that producers offer more of a good as its price increases and less as it falls

Accepted Answer

Law of Supply

Question 2

This concepts describes a product that is VERY sensitive to a change in price.

Accepted Answer

Elastic

Question 3

What does the SEC stand for?

Accepted Answer

Securities and Exchange Commission

Question 4

If the stock market prices are falling or are expected to fall, this is referred to as a

Accepted Answer

Bear Market

Question 5

Which of these is not one of the four P's of Marketing?

Accepted Answer

Process

Question 6

What does NYSE stand for?

Accepted Answer

New York Stock Exchange

Question 7

What is the measurement of how consumers repsond to the price changes?

Accepted Answer

The Elasticity of Demand

Question 8

The 4 P's of Marketing are intended to revolve around...

Accepted Answer

the Consumer

Question 9

If Demand is higher than Supply, you have a:

Accepted Answer

Shortage

Question 10

The stock market index that refers to the top 500 stocks on the market

Accepted Answer

S&P 500

Question 11

If the stock prices are continually rising or are expected to rise, this is a considered...

Accepted Answer

Bull Market

Question 12

This person concludes the buying and selling of stocks for individuals.

Accepted Answer

Broker

Question 13

A good that cannot be effective without the use of another good is considered:

Accepted Answer

Complementary

Question 14

The Demand Curve represents the:

Accepted Answer

Consumers

Question 15

If Supply is greater than Demand, you have a:

Accepted Answer

Surplus

Question 16

This describes the demand that is NOT VERY sensitive to price changes.

Accepted Answer

Inelastic

Question 17

What is the name of the organization that protects the market and investors?

Accepted Answer

SEC

Question 18

A product or service that a consumer sees as the same or similar to another product is a

Accepted Answer

Substitute

Question 19

Law that states that if the price of a good increases, the demand for the good will decrease.

Accepted Answer

Law of Demand

Question 20

The supply curve represents the:

Accepted Answer

Producers

Questions 20