Which is an example of an oligopoly

Question

A. many different soap companies giving consumers choices

B. a few soda companies competing for business

C. one shipping company with no competition

D. several grocery stores stocking different items

Answer 1

B. a few soda companies competing for business

Answer 2

If the price of stock falls dramatically but an investor thinks it will go up again, what is the investor likely to do?

A. trade shares

B. sell shares

C. buy shares

D. do nothing

Answer 3

C. buy shares

Answer 4

Eddie has a credit card on which he makes monthly payments and tries not to carry a balance. What kind of credit is this? Select the two correct answers.

A. non-revolving

B. revolving

C. secured

D. unsecured

E. flexible

Answer 5

B. revolving
D. unsecured

Answer 6

Riya recently bought a new phone. She was taking a photo of her sister when she dropped the phone in the pool. The company that made the phone told her they wouldn’t replace it. Riya decides to call her credit card company to find out if they can help.

Question
Use the passage to answer the question.

Which advantage of credit is Riya seeking to use?

A. emergencies

B. purchase power

C. building a credit line

D. protection of purchases

Answer 7

D. protection of purchases

Answer 8

What is a regular car payment an example of?

A. fixed expense

B. variable expense

C. ownership investment

D. interest

Answer 9

A. fixed expense