Ch. 3 Section 1: Benefits of Free Enterprise
Authored by Victoria CG
Social Studies
12th Grade
Used 4+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the force that encourages people and organizations to improve their material well-being
free contract
profit motive
competition
public interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the concept that everyone can compete in the marketplace
profit motive
legal equality
free contract
open opportunity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the concept of giving everyone the same legal rights
legal equality
profit motive
self interest
competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the concept that people have the right and privilege to control their possessions as they wish
voluntary exchange
private property rights
legal equality
free contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the concept that people may decide what agreements they want to enter into
voluntary exchange
free contract
legal equality
economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the concept that people may decide what and when they want to buy and sell
competition
free contract
self interest
voluntary exchange
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the rivalry among sellers to attract customers while lowering costs
competition
profit motive
legal equality
price drop
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