US Economy

What type of economic system does the United States have?

• Free market

• Command

• Traditional

• Mixed

Is the United States PRIMARILY a free market or command system?

• Free market

• Command

When does the government intervene in the US economy?

• Never

• When the benefits outweigh the costs

• When the president says so

• The government controls the economy

Individuals are allowed to own ALL of the following in the US EXCEPT

• National parks

• Personal property

• Real estate

• Guns

What is the chief incentive that makes the US economy work?

• Profit

• Altruism

• Punishment

• Cheese. Lots of cheese.

Generally speaking, how would you characterize the role of government in the US economy?

• Government moderately controls the US economy

• Government completely controls the US economy

• Government plays a limited role in the US economy

• Government play NO role in the US economy

Which of these is provided by our government?

• Grocery Stores
• Car Dealerships
• National Defense/ Military
• Farms

People of American households buy goods and services.  This makes them _____________.

• decomposers
• consumers
• producers
• healthy

The government pays for good and services by collecting _______________ from the citizens.

• taxes
• fines
• wages
• candy

Which of these is a type of tax collected by the government?

• Income Taxes
• Sales Taxes
• Property Taxes
• All of These