Chapter 3-The American Free Enterprise System

Chapter 3-The American Free Enterprise System

12th Grade

22 Qs

quiz-placeholder

Similar activities

1.9- Sri Lankan Routes

1.9- Sri Lankan Routes

6th Grade - Professional Development

19 Qs

Simulasi KSBA Square

Simulasi KSBA Square

1st Grade - Professional Development

20 Qs

HINDUISM LONG QUIZ

HINDUISM LONG QUIZ

12th Grade

20 Qs

ENLIGHTENMENT THINKERS

ENLIGHTENMENT THINKERS

9th - 12th Grade

20 Qs

National Youth Day: SWAMI VIVEKANAND JYANTI

National Youth Day: SWAMI VIVEKANAND JYANTI

1st - 12th Grade

20 Qs

Milton Keynes

Milton Keynes

10th - 12th Grade

20 Qs

The World's Wife review

The World's Wife review

11th - 12th Grade

18 Qs

Naznip's Q & A 2022

Naznip's Q & A 2022

12th Grade

20 Qs

Chapter 3-The American Free Enterprise System

Chapter 3-The American Free Enterprise System

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Randall Clift

Used 10+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Free contract means that people can chose

for themselves what legal agreements to enter into

for themselves what positive externalities to support

to enter and compete in the marketplace

to enter into open opportunities

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The incentive to improve material well-being by seeking to gain from economic activities is called

legal equality

marginal benefit

open opportunity

profit motive

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Individual booksellers that have competed well against chain booksellers have often

expanded into chains themselves

focused on local needs

ignored customer service

undercut the prices of the chains

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the marketplace, producers are looking to

buy goods for personal use

earn a profit

find incentives

find the latest fad

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Producers determine the allocation of scarce resources by seeking

incentives and responding to consumer votes on a product

incentives and responding to all open opportunities

profits and responding to consumer votes on a product

profits and responding to all open opportunities

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Typically, when households are shown on the on the right side of a circular flow model of a modified free enterprise, businesses are located

on the left

in the center

at the top

at the bottom

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The center of a typical circular flow model showing a modified free enterprise is occupied by

businesses

products

government

resources

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?