
Economics Chapters 7 - 11
Authored by KENNETH KINZER
Social Studies
9th - 12th Grade
Used 3+ times

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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Exists when many sellers offer similar, but not standardized products
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which market structure involves selling identical products?
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In the 1990s, AT&T controlled 80% of the phone industry and was the ONLY provider of long distance phone service. This is an example of
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
This market structure has 3-4 firms who dominate 70-80% of the industry.
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
List the four market structures in order from least competitive to most competitive.
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following describes the minimum wage?
state law making it illegal to force workers to join a union
lowest wage that can be paid by law to most workers
highest wage that can be paid by law to most workers
What each company decides to pay it's workers
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A _____ is a state law making it illegal to force workers to join a union.
work law
right-to-work law
arbitration
government policy
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