Modern Economies

Modern Economies

Mrs. Stuart

Multiple Choice

What country originally started as a communist (centrally planned) economy, but now has elements of the free market?

• Cuba

• Chile

• China

• Colombia

Multiple Select

Check all that apply: Which ones are the ways in which the US government controls businesses in the US.

• Minimum Wage

• No child labor

• 40 hour work week

• Everyone gets paid time off

Multiple Choice

True or False: Laissez Faire means that government SHOULD intervene in business.

• True

• False

Multiple Select

The US has a ______ enterprise system.

• controlled

• modern

• central

• free

Fill in the Blank

In a free enterprise system (like the US), the government intervenes in business when it is in the _______ interest.