Benefits of the U.S. Free Enterprise System Review

Which benefit of the U.S. Free Enterprise system allows consumers to have the ability to purchase whatever they want?

• Freedom of consumers

• Creation of wealth

• Freedom of producers

• Variety of goods

Which benefit of the U.S. Free Enterprise system can be described by going to the mall and having so many stores to choose from for your clothes?

• Freedom of producers

• Investment opportunities

• Responsive prices

• Variety of goods

What is it called when companies move their factories overseas and hire new workers in those countries?

• Protectionism

• Free trade

• Outsourcing labor

The amount of money a business makes after its expenses are paid

• profit

• supply

• demand

• scarcity

Which economic goal is supported by your decision to leave your job or invest your money into a new project?

• economic stability

• economic freedom

• economic equity

• economic security

Which benefit of the U.S. Free Enterprise system allows businesses to put money towards their future?

• Investment opportunities

• Creation of wealth

• Freedom of producers

When consumers start slowing down on the amount of products they are buying and the producers then lower their prices, which benefit of the U.S. Free Enterprise system is this?

• Freedom of producers

• Freedom of consumers

• Variety of goods

• Responsive prices

Which of the following is NOT. a characteristic of the U.S. free enterprise system?

• Competition among businesses

• Consumer choice

• Government control of all businesses

• Private ownership of property

Another word used to describe a free enterprise system is:

• communism

• capitalism

• nationalism

• none of the above

In a free enterprise system, the spending habits of _____ determine which products and services to offer:

• Consumers

• Government

• Professors

• Politicians