POB Ch 2 Review

A small number of businesses selling the same or similar products is called:

• Perfect Competition

• Monopolistic competition

• Oligopoly

• Monopoly

A large number of businesses selling similar, but not the same, products at different prices is called:

• Oligopoly

• Monopolistic competition

• Perfect competition

• Monopoly

A large number of businesses selling the same product at the same price is called:

• Oligopoly

• Perfect competition

• Monopolistic Competition

• Monopoly

The term used when the stock market is down and prices are falling is called:

• Bear Market

• Bull market

• Elephant Market

• Eagle Market

The term used when the stock market is rising is called:

• Bear market

• Bull market

• Elephant Market

• Eagle Market

When the value of a stock is up, it is an indicator that the vale of the business is:

• Up

• Down

When the value of a stock is down, it is an indicator that the value of a business is:

• Up

• Down

A sign that shows the condition or existence of something is called:

• Economic clues

• Specialization

• Indicators

• Analytics

The market value of all final products produced in a country during a specific time period (usually a year) is called:

• Gross Domestic Product per capita

• Gross Income

• Gross Domestic Product

The general rise in prices throughout an economy is called:

• Inflation

• Depression

• cost of living

• interest