Matching

Question 1

socialism in its most extreme form

Answer 1

Communism

Question 2

When a nation’s 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 Faire

Question 6

when a government decides to sell their nationalized businesses 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

at least one general partner who has unlimited financial liability

Answer 11

Limited partnership

Question 12

the lender

Answer 12

Creditor

Question 13

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

Answer 13

Surety

Question 14

when a credit worthy person promises to pay a loan if the original borrow cannot

Answer 14

Cosigning

Question 15

a business enterprise with two or more persons as the owner

Answer 15

Partnership

Question 16

a distribution of a portion of a corporation’s profits

Answer 16

Dividends

Question 17

stockbrokers work for this fee

Answer 17

Commission

Question 18

where merchants trade stocks

Answer 18

Stock exchanges

Question 19

the most well-known stock index

Answer 19

DJIA

Question 20

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

Answer 20

Stockbroker

Question 21

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

Answer 21

Common stock

Question 22

another name for stock traders

Answer 22

Floor traders

Question 23

one of the most well-known stock markets

Answer 23

NASDAQ

Question 24

when stock prices rise in an industry or across the entire market simply because of expectations and a rise in the excess of the corporation’s true value

Answer 24

Speculative bubble

Question 25

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

Answer 25

Stock index

Question 26

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

Answer 26

Preferred stock

Question 27

used to be paper from a stock ticker but is now an electronic message board

Answer 27

Tape

Question 28

privately managed stock portfolios

Answer 28

Mutual funds

Question 29

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

Answer 29

Legal monopoly

Question 30

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

Answer 30

Monopoly

Question 31

formalized collusion

Answer 31

Cartel

Question 32

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

Answer 32

Tight oligopoly

Question 33

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

Answer 33

Natural barriers to entry

Question 34

a group of businesses that share common concern

Answer 34

Industry

Question 35

selling by a few

Answer 35

Oligopoly

Question 36

when a firm controls 100% of a resource that is essential to an industry

Answer 36

Natural monopoly

Question 37

governmental regulations

Answer 37

Artificial barriers to entry

Question 38

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

Answer 38

Barrier to entry