This organization oversees the purchase and sale of stocks

Security and Exchange Commision

why are surgeons paid so much

demand is high and supply is low

when competition increases

businesses have less influence over price

The invisible barrier that hinders minorities and women from advancement in the workplace is

The glass ceiling, misogyny and racism

studbud

chapters 7 and 8 economics with financial literacy

20 termsStudBud Administration290 plays

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Right to work laws force workers to join a union
false
true
2
This organization oversees the purchase and sale of stocks
Security and Exchange Commision
Stock Market Commision
Fair Trade Practice Commision
Federal Communication Commision
3
semi skilled workers
require no training
require minimum training
are the lowest paid workers
require advanced schooling
4
when you have the patent
technological monopoly
governmental monopoly
natural monopoly
geographic monopoly
5
right to work laws are often found in states, located in the
Northeast
Southeast
Entire U.S.A
Midwest
6
This outlawed price discrimination
Sherman Antitrust Act
Clayton Antitrust Act
Food and Drug Administration
Orange County Public Schools
7
In which year did minimum wage hold the greatest purchasing power?
1978
1968
1948
1958
8
why are surgeons paid so much
demand is high and supply is high
demand is low and supply is low
demand is low and supply is high
demand is high and supply is low
9
when you are the only gas station in the desert
natural monopoly
geographic monopoly
technological monopoly
governmental monopoly
10
The Norris-LaGuardia Act
allows workers to strike
created minimum wage
reviews mergers of companies to prevent monopolies
oversees accidents in the workplace
11
the federal minimum wage was established by
Sherman Antitrust Act
Fair Labor Standards Act
Taft-Hartley Act
Clayton Antitrust Act
12
when a firms output is beyond the level of marginal cost = marginal revenue, then ...
profits remain constant
revenue decreases
profits decrease
revenue remains constant
13
when competition increases
businesses have more influence over price
businesses will raise prices
businesses have less influence over price
businesses influence over price is neutral
14
Perfect competition has
lots of buys and few sellers
lots of buyers and sellers
few buyer and sellers
few buys and lots of sellers
15
Occupational Safety and Health Administration (OSHA), is concerned with
enforcement of environmental standards
accidents in the workplace
television broadcast
regulation of the power industry
16
The greater the educational attainment, the greater the income gap between men and women.
false
true
17
Oligopolies have
little competition
perfect competition
lots of competition
no competition
18
under perfect competition, a business has no influence over the price
false
true
19
This outlawed certain monopolies that decreased trade
Federal Bureau of Investigation
Clayton Antitrust Act
Food and Drug Association
Sherman Antitrust Act
20
The invisible barrier that hinders minorities and women from advancement in the workplace is
The glass ceiling
Price floor
The golden parachute
misogyny and racism

chapters 7 and 8 economics with financial literacy Flashcards | StudBud

chapters 7 and 8 economics with financial literacy

20 termsStudBud Administration290 plays

chapters 7 and 8 economics with financial literacy

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Right to work laws force workers to join a union
false
true
2
This organization oversees the purchase and sale of stocks
Security and Exchange Commision
Stock Market Commision
Fair Trade Practice Commision
Federal Communication Commision
3
semi skilled workers
require no training
require minimum training
are the lowest paid workers
require advanced schooling
4
when you have the patent
technological monopoly
governmental monopoly
natural monopoly
geographic monopoly
5
right to work laws are often found in states, located in the
Northeast
Southeast
Entire U.S.A
Midwest
6
This outlawed price discrimination
Sherman Antitrust Act
Clayton Antitrust Act
Food and Drug Administration
Orange County Public Schools
7
In which year did minimum wage hold the greatest purchasing power?
1978
1968
1948
1958
8
why are surgeons paid so much
demand is high and supply is high
demand is low and supply is low
demand is low and supply is high
demand is high and supply is low
9
when you are the only gas station in the desert
natural monopoly
geographic monopoly
technological monopoly
governmental monopoly
10
The Norris-LaGuardia Act
allows workers to strike
created minimum wage
reviews mergers of companies to prevent monopolies
oversees accidents in the workplace
11
the federal minimum wage was established by
Sherman Antitrust Act
Fair Labor Standards Act
Taft-Hartley Act
Clayton Antitrust Act
12
when a firms output is beyond the level of marginal cost = marginal revenue, then ...
profits remain constant
revenue decreases
profits decrease
revenue remains constant
13
when competition increases
businesses have more influence over price
businesses will raise prices
businesses have less influence over price
businesses influence over price is neutral
14
Perfect competition has
lots of buys and few sellers
lots of buyers and sellers
few buyer and sellers
few buys and lots of sellers
15
Occupational Safety and Health Administration (OSHA), is concerned with
enforcement of environmental standards
accidents in the workplace
television broadcast
regulation of the power industry
16
The greater the educational attainment, the greater the income gap between men and women.
false
true
17
Oligopolies have
little competition
perfect competition
lots of competition
no competition
18
under perfect competition, a business has no influence over the price
false
true
19
This outlawed certain monopolies that decreased trade
Federal Bureau of Investigation
Clayton Antitrust Act
Food and Drug Association
Sherman Antitrust Act
20
The invisible barrier that hinders minorities and women from advancement in the workplace is
The glass ceiling
Price floor
The golden parachute
misogyny and racism