Unit 3 Vocab Flashcard

Unit 3 Vocab Flashcard

Assessment

Flashcard

Social Studies

11th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Market with one seller, high entry barriers, illegal in the US.

Back

Monopoly

2.

FLASHCARD QUESTION

Front

Market with few large sellers, possible collusion, high entry barriers.

Back

Oligopoly

3.

FLASHCARD QUESTION

Front

Market with many buyers/sellers, identical products, well-informed participants, rare in reality.

Back

Pure/Perfect Competition

4.

FLASHCARD QUESTION

Front

Market with many buyers & sellers, similar products, price set by market.

Back

Monopolistic competition

5.

FLASHCARD QUESTION

Front

Economic system where tradition answers the three economic questions, growth is slow, and change is limited.

Back

traditional

6.

FLASHCARD QUESTION

Front

Economic system where the government answers the three economic questions, tends to fail, and is quick to change.

Back

command

7.

FLASHCARD QUESTION

Front

Economic system where supply and demand answer the three economic questions; resource use may be inefficient, laissez-faire.

Back

Market

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?