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JeopardyMonopolies Market
StructuresLabor Vocabulary Taxes
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
$100 Question from Monopolies
One single supplier
$100 Answer from Monopolies
What is a monopoly?
$200 Question from Monopolies
Kind of market that runs most efficientlywhen one large firm supplies all theoutput
$200 Answer from Monopolies
What is a natural monopoly?
$300 Question from Monopolies
Allows a company to act as a monopolyso they can profit from their researchwithout competition
$300 Answer from Monopolies
What is a patent?
$400 Question from Monopolies
An example of a monopoly allowedby the U.S. government
$400 Answer from Monopolies
What are professional sports leagues?
$500 Question from Monopolies
The effect of when a monopolisticallycompetitive business charges too high a price
$500 Answer from Monopolies
What is consumers buy rivals’ products?
$100 Question from Market Structures
A few suppliers
$100 Answer from Market Structures
What is an oligopoly?
$200 Question from Market Structures
Many buyers and sellers, everyone iswell-informed, sellers can enter andexit the market freely
$200 Answer from Market Structures
What is perfect competition?
$300 Question from Market Structures
Many companies selling similarbut not identical products
$300 Answer from Market Structures
What is monopolistic competition?
$400 Question from Market Structures
Policies to prevent monopolies
$400 Answer from Market Structures
What are anti-trust laws?
$500 Question from Market Structures
Only works if all members keepto their agreed output
$500 Answer from Market Structures
What is a cartel?
$100 Question from Labor
Percentage of the nation’s labor force that is not employed
$100 Answer from Labor
What is unemployment rate?
$200 Question from Labor
Person who wants a job but hasgiven up looking
$200 Answer from Labor
What is a discouraged worker?
$300 Question from Labor
Negotiating labor contracts that keep unnecessary workers on the payroll
$300 Answer from Labor
What is featherbedding?
$400 Question from Labor
A third party reviews the case andmakes a decision that is legally bindingfor both sides
$400 Answer from Labor
What is arbitration?
$500 Question from Labor
The completion of college shows employers that an applicant isintelligent and hard-working
$500 Answer from Labor
What is the screening effect?
$100 Question from Vocabulary
Organized work stoppage intendedto force an employer to addressunion demands
$100 Answer from Vocabulary
What is a strike?
$200 Question from Vocabulary
Workers who require specializedtraining and skills
$200 Answer from Vocabulary
What is skilled labor?
$300 Question from Vocabulary
General increase in prices
$300 Answer from Vocabulary
What is inflation?
$400 Question from Vocabulary
Union and company representativesmeet to negotiate a new labor contract
$400 Answer from Vocabulary
What is collective bargaining?
$500 Question from Vocabulary
Handles complaints about discrimination based on race, sex, color, religion,or nationality
$500 Answer from Vocabulary
What is the EEOC?
$100 Question from Taxes
Tax on the amount of money a person earns
$100 Answer from Taxes
What is individual income tax?
$200 Question from Taxes
Not subject to taxes
$200 Answer from Taxes
What is tax exempt?
$300 Question from Taxes
Tax for which the percentage of incomepaid in taxes decreases as income increases
$300 Answer from Taxes
What is regressive tax?
$400 Question from Taxes
Tax on the total value of the money andproperty of a person who has died
$400 Answer from Taxes
What is estate tax?
$500 Question from Taxes
Tax for which the percentage ofincome paid in taxes remains thesame for all income levels
$500 Answer from Taxes
What is proportional tax?
Final Jeopardy
What is the major source of tax revenuefor local governments?
Final Jeopardy Answer
Property taxes
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