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Introduction to Financial Markets

Introduction to Financial Markets

Assessment

Flashcard

Business

KG

Practice Problem

Easy

Created by

нурасыл гyмар

Used 1+ times

FREE Resource

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27 questions

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1.

FLASHCARD QUESTION

Front

What is a market?

Back

A place where people buy and sell things.

2.

FLASHCARD QUESTION

Front

What are the two main actors in a market?

Back

Supply and demand.

3.

FLASHCARD QUESTION

Front

What is supply?

Back

The willingness to sell a product.

4.

FLASHCARD QUESTION

Front

What is demand?

Back

The willingness to buy a product.

5.

FLASHCARD QUESTION

Front

What is a monopoly?

Back

A market with one producer and unlimited demand.

6.

FLASHCARD QUESTION

Front

What is a duopoly?

Back

A market with two suppliers.

7.

FLASHCARD QUESTION

Front

What is perfect competition?

Back

A market with unlimited supply and unlimited demand.

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