Jeopardy MonopoliesMarket Structures LaborVocabulary Taxes Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

$100 Question from Monopolies One single supplier

$100 Answer from Monopolies What is a monopoly?

$200 Question from Monopolies Kind of market that runs most efficiently when one large firm supplies all the output

$200 Answer from Monopolies What is a natural monopoly?

$300 Question from Monopolies Allows a company to act as a monopoly so they can profit from their research without competition

$300 Answer from Monopolies What is a patent?

$400 Question from Monopolies An example of a monopoly allowed by the U.S. government

$400 Answer from Monopolies What are professional sports leagues?

$500 Question from Monopolies The effect of when a monopolistically competitive business charges too high a price

$500 Answer from Monopolies What is consumers buy rivals’ products?

$100 Question from Market Structures A few suppliers

$100 Answer from Market Structures What is an oligopoly?

$200 Question from Market Structures Many buyers and sellers, everyone is well-informed, sellers can enter and exit the market freely

$200 Answer from Market Structures What is perfect competition?

$300 Question from Market Structures Many companies selling similar but not identical products

$300 Answer from Market Structures What is monopolistic competition?

$400 Question from Market Structures Policies to prevent monopolies

$400 Answer from Market Structures What are anti-trust laws?

$500 Question from Market Structures Only works if all members keep to their agreed output

$500 Answer from Market Structures What is a cartel?

$100 Question from Labor Percentage of the nation’s labor force that is not employed

$100 Answer from Labor What is unemployment rate?

$200 Question from Labor Person who wants a job but has given up looking

$200 Answer from Labor What is a discouraged worker?

$300 Question from Labor Negotiating labor contracts that keep unnecessary workers on the payroll

$300 Answer from Labor What is featherbedding?

$400 Question from Labor A third party reviews the case and makes a decision that is legally binding for both sides

$400 Answer from Labor What is arbitration?

$500 Question from Labor The completion of college shows employers that an applicant is intelligent and hard-working

$500 Answer from Labor What is the screening effect?

$100 Question from Vocabulary Organized work stoppage intended to force an employer to address union demands

$100 Answer from Vocabulary What is a strike?

$200 Question from Vocabulary Workers who require specialized training and skills

$200 Answer from Vocabulary What is skilled labor?

$300 Question from Vocabulary General increase in prices

$300 Answer from Vocabulary What is inflation?

$400 Question from Vocabulary Union and company representatives meet to negotiate a new labor contract

$400 Answer from Vocabulary What is collective bargaining?

$500 Question from Vocabulary Handles complaints about discrimination based on race, sex, color, religion, or nationality

$500 Answer from Vocabulary What is the EEOC?

$100 Question from Taxes Tax on the amount of money a person earns

$100 Answer from Taxes What is individual income tax?

$200 Question from Taxes Not subject to taxes

$200 Answer from Taxes What is tax exempt?

$300 Question from Taxes Tax for which the percentage of income paid in taxes decreases as income increases

$300 Answer from Taxes What is regressive tax?

$400 Question from Taxes Tax on the total value of the money and property of a person who has died

$400 Answer from Taxes What is estate tax?

$500 Question from Taxes Tax for which the percentage of income paid in taxes remains the same for all income levels

$500 Answer from Taxes What is proportional tax?

Final Jeopardy What is the major source of tax revenue for local governments?

Final Jeopardy Answer Property taxes