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Eco Chapter 7

Authored by Morgan Land

History

9th - 12th Grade

Used 3+ times

Eco Chapter 7
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic contest among buyers and sellers is ______.

farming

competition

pure monopoly

patent

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The closest example of a pure competitive market occurs in the area of ______.

farming

competition

pure monopoly

patent

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The opposite of pure competition is a(n) ______.

farming

competition

pure monopoly

patent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ______ guarantees the right of an inventor to produce or sell an invention.

competition

farming

pure monopoly

patent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A few large companies control the market in a(n) _______.

patent

oligopoly

differentiate

era of big business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One way companies try to attract buyers is to ______ between their product and their competitors'.

farming

patent

oligopoly

differentiate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The late 1800s is sometimes called the _______.

patent

farming

oligolpoly

era of big business

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