Free Enterprise and other economic systems

Which of the following is an economic system in which some businesses and industries are controlled by the government?

• Free Enterprise

• Communist

• Socialist

In which of the following economic systems does the government own the country’s farms, factories, and businesses?

• Free Enterprise

• Communist

• Socialist

In which type of economic system do citizens and businesses make most economic decisions?

• Free Enterprise

• Communist

• Socialist

Which of the following is an economic system in which the government also provides many health and welfare benefits, such as healthcare, housing, and unemployment?

• Free Enterprise

• Communist

• Socialist

In which type of economic system does the government plays a limited role?

• Free Enterprise

• Communist

• Socialist

Which of the following is the United States?

• Free Enterprise

• Communist

• Socialist

What is the most effective way for consumers to participate in the free enterprise system?

• through mail and phone surveys
• by protesting and boycotting
• by hiring lobbyists and interest groups
• by the purchases they make

Competition helps

• Keep Prices Low

• Keep Quality of Goods Higher

• Encourage business to make NEW products

• ALL of these are TRUE

In a Communist country, workers have no ________ to work harder.

• Time
• Help
• Ability
• Incentive

The four types of economic systems are: 

• Traditional, Command, Mixed, & Market
• Traditional, Command, Combined, & Market
• Communism, Capitalism, Free Market, and Macroeconomics
• Microeconomics, Macroeconomics, Individual, and Traditional.