US Mixed Economy Quiz

Which statement would be MOST important to include in a summary of the article?

• New companies rely on supply and demand to decide which goods they want to produce.

• People feel that the too much involvement in the economy by the government is not beneficial.

• The American economy is mostly a free-enterprise system with some control from the government.

• Much of the labor force in the United States is transitioning from farms to cities for work.

Is there more than one central idea of the article? How do you know?

• No; the article has only one central idea that focuses on how the United States has a mixed economy where most companies are privately owned.

• Yes; one central idea is that the United States has a mixed economy and other central ideas focus on how the the economy is changing.

• No; the article has only one central idea that examines how the government helps to control the economy and protect the buyer.

• Yes; one central idea is that the United States is not a socialist economy and the other central idea focuses on product safety.

Read the following sentence from the section

"The Limits To Free Enterprise With A Mixed Economy."

Populations and the labor force have shifted dramatically away from farms to cities.

How does using the word "dramatically" affect the tone of the sentence above?

• It conveys the sense of a big change.

• It conveys a sense of worry.

• It conveys a sense of alarm.

• It conveys a sense of disbelief.

Read the following selection from the section "The Limits To Free Enterprise With A Mixed Economy."

The government uses antitrust laws to control or break up other business combinations that become so powerful that they can overcome market forces. The goal is to keep the market competitive.

Which two words would BEST replace “forces” and “competitive” in the selection above?

• owners; flexible

• government; expensive

• regulations; affordable

• rules; socialist