Economics Created by Educational Technology Network. www.edtechnetwork.com 2009

STOCK MARKET 2 STOCK MARKET 3 100 200 300 400 500 STOCK MARKET MONOPOLIES MONOPOLIES 2 STOCK MARKET STOCK MARKET 2 STOCK MARKET 3 100 200 300 400 500

Question 1 - 100 A MARKET DOMINATED BY A SINGLE SELLER

Answer 1 – 100 What is A MONOPOLY?

Question 1 - 200 FACTORS THAT CAUSE A PRODUCER’S AVERAGE COST PER UNIT TO FALL AS OUTPUT RISES.

Answer 1 – 200 What are ECONOMIES OF SCALE?

Question 1 - 300 A MARKET THAT RUNS MOST EFFICIENTLY WHEN ONE LARGE FRIM SUPPLIES ALL OF THE OUTPUT.

Answer 1 – 300 What is a NATURAL MONOPOLY?

Question 1 - 400 A MONOPOLY CREATED BY THE GOVERNMENT.

Answer 1 – 400 What is a Government Monopoly?

Question 1 - 500 A license that gives the inventor of a new product the exclusive right to sell it for a certain period of time

Answer 1 – 500 What is a PATENT?

Question 2 - 100 The right to sell a good or service within an exclusive market.

Answer 2 – 100 What is a franchise?

Question 2 - 200 A government issued right to operate a business.

Answer 2 – 200 What is a license?

Question 2 - 300 Division of customers into groups based on how much they will pay for a good.

Answer 2 – 300 What is price discrimination?

Question 2 - 400 The ability of a company to change prices and output like a monopolist

Answer 2 – 400 What is Market Power?

Question 2 - 500 BLANK that prevent a company from entering the market are the principal condition that allows monopolies to exist.

Answer 2 – 500 What are barriers?

Question 3 - 100 Besides bonds, corporations can raise funds by issuing these.

Answer 3 – 100 What is stock?

Question 3 - 200 A portion of stock.

Answer 3 – 200 What is a share?

Question 3 - 300 Claims of ownership in a corporation.

Answer 3 – 300 What are equities?

Question 3 - 400 The difference between a higher selling price and a lower purchase price, resulting in a financial gain for the seller.

Answer 3 – 400 What is capital gain?

Question 3 - 500 The difference between a lower selling price and a higher purchase price resulting in a financial loss to the seller.

Answer 3 – 500 What is Capital Loss?

Question 4 - 100 The division of a single share of stock into more than one share.

Answer 4 – 100 What is a stock split?

Question 4 - 200 A person who links buyers and sellers of stock.

Answer 4 – 200 Who is a Stockbroker?

Question 4 - 300 A business that specializes in trading stocks.

Answer 4 – 300 What is a Brokerage Firm?

Question 4 - 400 A market for buying and selling stock.

Answer 4 – 400 What is a Stock Exchange?

Question 4 - 500 An electronic marketplace for stocks and bonds.

Answer 4 – 500 What is the OTC Market?

Question 5 - 100 Contracts to buy or sell at a specific date in the future at a price specified today.

Answer 5 – 100 What are Futures?

Question 5 - 200 Contracts that give investors the choice to buy or sell stock an other financial assets.

Answer 5 – 200 What are options

Question 5 - 300 A steady rise in the stock market over a period of time.

Answer 5 – 300 What is a bull market?

Question 5 - 400 The collapse of the stock market in 1929.

Answer 5 – 400 What was the Great Crash?

Question 5 - 500 The practice of making high-risk investments with borrowed money in hopes of getting a big return.

Answer 5 – 500 What is speculatioin?