Front

This example best portrays which of the economic goals?
Options: economic freedom, economic efficiency, economic growth, economic security

Back

economic efficiency

Front

Which economic goal does the example of wanting to be a diesel mechanic and pursuing a trade school best define? Options: security, equity, price stability, freedom

Back

freedom

Front

What concept is illustrated by the Swedish citizen not having to pay medical bills due to a government-funded health care system? Options: equity, security, freedom, efficiency

Back

security

Front

You finally opened your new restaurant last year and business is booming. It's been so busy every day that you recently had to hire 10 more employees and expanded to open up a patio on the roof with additional seating.

Back

growth

Front

Using all available resources (including land, labor, and capital)

Back

full employment

Front

the desire to use resources to gain the most production at the lowest opportunity cost

Back

economic efficiency

Front

A sense of economic fairness and justice

Back

economic equity

Front

The desire of consumers and producers to make their own decisions

Back

economic freedom

Front

The absence of inflation or deflation

Back

price stability

Front

Ensuring that people and businesses can protect themselves against economic risks

Back

economic security