
United States - Free Market
Authored by Robert Gray
Social Studies
12th Grade
Used 8+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The USA has a ______market, meaning we have the right to choose what and what not to buy.
Free
Rich
Low
High
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All of the following contribute to a free market system except
Economic freedom
Competition
Self-Interest
Government ownership
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The concerns of the people as a whole is known as
interest group
public policy
cash transfers
public interest
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The trade off for our government providing protection is the freedom the consumer gives up.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the advantages of a Free Market Economy?
total government control
Low levels of competition, few choices and poor quality products
innovation, freedom of production, and competition (good for consumers)
the economy is free to regulate itself and monopolies control businesses
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an advantage of a free market?
Few choices in the market
Governmental control
Economic Freedom
Being unsafe
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Below are all examples of how our government provides protection for the consumer except
Nutrition labels on food
Safety regulations in the auto industry
Measuring Gross Domestic Product(GDP)
Age recommendations on toy products
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