2. 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

3. $100 Question from Monopolies One single supplier

4. $100 Answer from Monopolies What is a monopoly?

5. $200 Question from Monopolies Kind of market that runs most efficiently when one large firm supplies all the output

6. $200 Answer from Monopolies What is a natural monopoly?

7. $300 Question from Monopolies Allows a company to act as a monopoly so they can profit from their research without competition

8. $300 Answer from Monopolies What is a patent?

9. $400 Question from Monopolies An example of a monopoly allowed by the U.S. government

10. $400 Answer from Monopolies What are professional sports leagues?

11. $500 Question from Monopolies The effect of when a monopolistically competitive business charges too high a price

12. $500 Answer from Monopolies What is consumers buy rivals’ products?

13. $100 Question from Market Structures A few suppliers

14. $100 Answer from Market Structures What is an oligopoly?

15. $200 Question from Market Structures Many buyers and sellers, everyone is well-informed, sellers can enter and exit the market freely

16. $200 Answer from Market Structures What is perfect competition?

17. $300 Question from Market Structures Many companies selling similar but not identical products

18. $300 Answer from Market Structures What is monopolistic competition?

19. $400 Question from Market Structures Policies to prevent monopolies

20. $400 Answer from Market Structures What are anti-trust laws?

21. $500 Question from Market Structures Only works if all members keep to their agreed output

22. $500 Answer from Market Structures What is a cartel?

23. $100 Question from Labor Percentage of the nation’s labor force that is not employed

24. $100 Answer from Labor What is unemployment rate?

25. $200 Question from Labor Person who wants a job but has given up looking

26. $200 Answer from Labor What is a discouraged worker?

27. $300 Question from Labor Negotiating labor contracts that keep unnecessary workers on the payroll

28. $300 Answer from Labor What is featherbedding?

29. $400 Question from Labor A third party reviews the case and makes a decision that is legally binding for both sides

30. $400 Answer from Labor What is arbitration?

31. $500 Question from Labor The completion of college shows employers that an applicant is intelligent and hard-working

32. $500 Answer from Labor What is the screening effect?

33. $100 Question from Vocabulary Organized work stoppage intended to force an employer to address union demands

34. $100 Answer from Vocabulary What is a strike?

35. $200 Question from Vocabulary Workers who require specialized training and skills

36. $200 Answer from Vocabulary What is skilled labor?

37. $300 Question from Vocabulary General increase in prices

38. $300 Answer from Vocabulary What is inflation?

39. $400 Question from Vocabulary Union and company representatives meet to negotiate a new labor contract

40. $400 Answer from Vocabulary What is collective bargaining?

41. $500 Question from Vocabulary Handles complaints about discrimination based on race, sex, color, religion, or nationality

42. $500 Answer from Vocabulary What is the EEOC?

43. $100 Question from Taxes Tax on the amount of money a person earns

44. $100 Answer from Taxes What is individual income tax?

45. $200 Question from Taxes Not subject to taxes

46. $200 Answer from Taxes What is tax exempt?

47. $300 Question from Taxes Tax for which the percentage of income paid in taxes decreases as income increases

48. $300 Answer from Taxes What is regressive tax?

49. $400 Question from Taxes Tax on the total value of the money and property of a person who has died

50. $400 Answer from Taxes What is estate tax?

51. $500 Question from Taxes Tax for which the percentage of income paid in taxes remains the same for all income levels

52. $500 Answer from Taxes What is proportional tax?

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

54. Final Jeopardy Answer Property taxes