

Introduction to Financial Markets
Flashcard
•
Business
•
KG
•
Practice Problem
•
Easy
нурасыл гyмар
Used 1+ times
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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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