PBMF Chapter 2 Review

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

• Perfect Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

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

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

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

• Perfect Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

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

• Bear Market

• Bull Market

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

• Bear Market

• Bull Market

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

• Going up

• Going down

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

• Going Up

• Going Down

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

• Economic Clues

• Specialization

• Indicators

The value of all final products produced in a country in a year is called:

• GDP Per Capita

• Gross Domestic Product

• Gross Income

The general rise in prices throughout an economy is called:

• Inflation

• Cost of Living

• Interest