Economics - Unit 3 Test Review

Which of the following would be the best example of a monopolistic competition market structure?

Which of the following would be the best example of fiat money?

Select the MOST competitive market structure.

Which of the following would be the best example of a perfect competition market structure?

Which of the following would be the best example of a monopoly market structure?

The biggest disadvantage of a corporation is what?

RANDOM/FUN Question: What was the mascot of the high school that Troy & Gabriella attended in "High School Musical"?

Which of these 4 types of bonds is the MOST risky?

How many regional Federal Reserve banks are there in the United States?

What is the most important characteristic of money?

Which # of the 12 regional Federal Reserve banks is responsible for serving us in Vicksburg, MI?

True or False: Oligopolies are market structures where the top 4 producers have at least 60% of sales in the industry.

Which of these 4 types of bonds is the LEAST risky?

What does "NYSE" stand for?

True or False: A BULL market means that the market is currently in a good position and healthy.

To serve as a financial intermediary is the main function of what?

REAL LIFE SITUATION: If you go to buy something with your DEBIT card, where does that money come from?

WHERE is the regional Federal Reserve that serves us in Vicksburg?

Which of the following types of businesses is the most common in the United States?

True or False: Oligopolies are MORE competitive than monopolistic competition market structures.

What is the most famous/important stock market in the United States?

In terms of economics, what does "CD" stand for?

Which of the following would be the best example of an oligopoly market structure?

TOUGH QUESTION: What sets prices in a perfect competition market structure?

MOST IMPORTANT QUESTION: Should you pay off your credit card balance in full every month if possible?

True or False: A BEAR market means that the market is currently in a good position and healthy.

RANDOM/FUN Question: Which of the following is one of the seven dwarfs from "Snow White"?

Select the LEAST competitive market structure.

TOUGH QUESTION: Which of the following is NOT a disadvantage of a sole proprietorship?

Which of the following would be considered the MOST liquid?