Ch. 3 Section 1: Benefits of Free Enterprise

Ch. 3 Section 1: Benefits of Free Enterprise

12th Grade

13 Qs

quiz-placeholder

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Ch. 3 Section 1: Benefits of Free Enterprise

Ch. 3 Section 1: Benefits of Free Enterprise

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Victoria CG

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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