Ch 3 American Free Enterprise

Ch 3 American Free Enterprise

9th - 12th Grade

28 Qs

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Ch 3 American Free Enterprise

Ch 3 American Free Enterprise

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Jonathan Getting

Used 72+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The government can't take your property without just compensation.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is the social & political commitment & freedom to start their own businesses & compete

free enterprise system
free response system
free travel system
freedom of choice

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The driving force behind people going into business is

profit margin
profit motive
opportunity cost
taxes

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The concept that people have the right and privilege to control their possessions as they wish.

legal equality
open opportunity
private property
profit incentive

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The concept that people may decide what and when they want to buy and sell goods & services

voluntary exchange
legal equality
private property
open opportunity

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The rivalry between sellers to get more customers by lowering costs & better goods/services

voluntary exchange
competition
incentives
legal equality

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A shared good/service that government builds because it would be impractical for an individual 

private good
public good
military good
market failure

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