
Demand and Free Enterprise
Quiz
•
Social Studies
•
10th - 12th Grade
•
Hard
Kevin Ammons
Used 1+ times
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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
One of the characteristics of a capitalist free enterprise economy is _______ .
voluntary exchange
consumerism
the minimum wage
central planning
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The struggle among sellers to attract consumers is known as
consumer sovereignty
voluntary exchange
profit motive
competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is a market economy in which people freely carry on economic affairs but are subject to some government regulation?
traditional economy
modified free enterprise economy
socialist economy
command economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
_______ protect consumers against harm from products on the market.
Franchises
Private property rights
Government regulations
Profit motives
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is largely responsible for the growth of a free enterprise system?
government
Gross Domestic Product
market efficiency
profit motive
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Consumers in a free enterprise economy ultimately determine _______ to produce.
when
what
how
where
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Markets in the free enterprise system are seldom regulated by _______.
businesses
consumers
the government
entrepreneurs
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