Matching

Question 1

Social in its most extreme form

Answer 1

Communism

Question 2

When a nations government assumes ownership of companies on a large scale

Answer 2

Nationalism

Question 3

When a national government should be both the central owner and decision maker in all economic affairs of the state

Answer 3

Centralized socialism

Question 4

High taxes redistributed funds

Answer 4

Welfare State

Question 5

To let alone

Answer 5

Laissez faith

Question 6

When a government decides to sell their nationalized business back to private stockholders

Answer 6

Privatization

Question 7

More government control in an economy

Answer 7

Socialism

Question 8

Less government control in an economy

Answer 8

Capitalism

Question 9

The general public owns and the government manages

Answer 9

Public Corporation

Question 10

After buying shares of this a person becomes owner of part of a corporation

Answer 10

Stock

Question 11

Owned by individual citizens

Answer 11

Private corporation

Question 12

At least on general partner who has unlimited financial liability

Answer 12

Limited partnership

Question 13

The lender

Answer 13

Creditor

Question 14

The act of becoming security for or pledging to undertake another’s debt

Answer 14

Surety

Question 15

When a credit worthy person promises to lay a loan if the original borrower cannot

Answer 15

Cosigning

Question 16

A business enterprise with two or more persons as the owner

Answer 16

Partnership

Question 17

A distribution of a portion of a corporations profits

Answer 17

Dividends

Question 18

Stockbrokers work for this fee

Answer 18

Commission

Question 19

Where merchants exchange stocks

Answer 19

Stock exchanges

Question 20

The most well-known stock index

Answer 20

DJIA

Question 21

A person who generally works for a brokerage company and who specializes in buying and selling stocks in behalf of clients

Answer 21

Stockbroker

Question 22

The most prevalent type of stick that companies offer and represents true ownership of the firm

Answer 22

Common stock

Question 23

Another name for stock traders

Answer 23

Floor traders

Question 24

One of the most well known markets

Answer 24

NASDAQ

Question 25

When stock prices rise in an industry or across the entire market simply because of expectations and a rise in the excess of the corporations true value

Answer 25

Speculative Bubble

Question 26

A group of stocks that analysts use to identify stock trends in specific industries

Answer 26

Stock index

Question 27

Shareholders who own this type of stock receive their dividend payments before all others

Answer 27

Preferred stock

Question 28

Used to be paper from a stick ticker but is now an electronic message board

Answer 28

Tape

Question 29

Privately manage stock portfolios

Answer 29

Mutual. Funds

Question 30

When the government has allowed a firm an exclusive right to provide a good or service

Answer 30

Legal monopoly

Question 31

A form of market organization in which there is only one supplier in the industry

Answer 31

Monopoly

Question 32

Formalized collusion

Answer 32

Cartel

Question 33

An industry in which the top four firms account for 75% of the market sales

Answer 33

Tight oligopoly

Question 34

When firms already in the industry own all vital natural resource that a new firm would need to enter the market

Answer 34

Natural barriers to entry

Question 35

A group of businesses that share common concern

Answer 35

Industry

Question 36

Selling by a few

Answer 36

Oligopoly

Question 37

When a firm controls100% of a resource that is essential to an industry

Answer 37

Natural monopoly

Question 38

Governmental regulations

Answer 38

Artificial barriers to entry

Question 39

Any significant obstacle that prevents or hinders a new firm from entering an industry and competing

Answer 39

Barrier to entry