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Free enterprise

Authored by Pamela Neal

12th Grade

Used 3+ times

Free enterprise
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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

free market economy in which private citizens own the factors of production

competition

capitalism

free enterprise

voluntary exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

struggle among sellers to attract consumers by offering the best prices

consumer

capitalism

free enterprise

competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

American economy

socialism

communism

free enterprise

me economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

person who organizes and operates a business or businesses, willing to take on greater risk

entrepreneur

captain of industry

CEO

OCM

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Person who purchases goods and services for personal use

customer

consumer

entrepreneur

self-interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system combining private and public enterprise

free enterprise

market economy

mixed economy

regulation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

act of buyers and sellers freely and willingly engaging in market transactions

purchasing

voluntary exchange

self-interest

consumption

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