Free Enterprise in the US.. ECONOMY AT WORK

The economic goals of the US include..

• freedom, productivity, stability

• freedom, efficiency, regulation

• production, equitable outcomes, security

• efficiency, equal opportunity, security

Making the best use of scarce resources has to do with the goal of economic __

• freedom

• efficiency

• equity

• security

Which goal of the US economy is concerned with questions of fairness and right v wrong?

• economic equal opportunity

• economic freedom

• economic security

• economic stabiliy

The goal of economic stability involved two concerns -

• full employment & price stability

• price stability & protecting all from poverty

• maintain freedom of choice & protecting all from poverty

• increase productivity & have full employment

How is the government involved in trying to provide Economic Security in the US economy?

• taking money from those who have more & giving to those with less

• taking money from businesses that have become too successful

• providing free college education to all citizens over 18 years ol

• providing social programs to help citizens survive & rise out of poverty

_____ can be measured by how many goods/services a nations' workers can produce

• price stability

• economic equity

• economic security

• standard of living

___ is the lowest possible level of unemployment- those who want a job can get a job.

• economic equity

• full employment

• price stabilty

• economic security

____ is when the overall price level of goods/services stays basically consistent

• price controls

• price stability

• economic security

• standard of living

__ is a nations' efforts to protect its citizens from situations that would harm their economic well-being

• price stability

• economic security

• freedom of choice

• full employment

In the capitalist system, the term "laissez faire" is best defined as..

• intervention

• hands off

• regulatory

• security