Econ 3.1 Flashcards

Econ 3.1 Flashcards

Assessment

Flashcard

Social Studies

5th Grade

Hard

Created by

Jason Habisch

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

A free enterprise system is also known as a

Back

Capitalist system

2.

FLASHCARD QUESTION

Front

The ability for everyone to enter and compete in the marketplace is called

Back

Open opportunity

3.

FLASHCARD QUESTION

Front

Having the same economic rights under the law is called

Back

Legal equality

4.

FLASHCARD QUESTION

Front

The ability to decide for yourself which legal agreements you will enter into is called

Back

Free contract

5.

FLASHCARD QUESTION

Front

Free to Choose was written by

Back

Milton Friedman

6.

FLASHCARD QUESTION

Front

Free enterprise system promotes

Back

Competition and choice

7.

FLASHCARD QUESTION

Front

Legal equality ensures

Back

Same economic rights for everyone

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