Economics 1.3

Economics 1.3

9th - 12th Grade

10 Qs

quiz-placeholder

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Economics 1.3

Economics 1.3

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

People have the right to choose their jobs & business gets to make their own decisions

Competition

Private Property

Economic Freedom

Self-Interest

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

People & Business can buy & sell their property as well as ban others from using it

Economic Freedom

Private Property

Competition

Self-Interest

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This feature of Free Enterprise creates rivalries between business to attract/gain business and pushes businesses to create new and better products.

Self-Interest

Profit Motive

Voluntary Exchange

Competition

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This feature of Free Enterprise includes consumers & producers willingly buying and selling goods.

Voluntary Exchange

Self-Interest

Profit Motive

Economic Freedom

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This feature of Free Enterprise includes the desire for profit and improving material well-being

Self-Interest

Economic Freedom

Voluntary Exchange

Profit Motive

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the United States, you may...

start your own business to meet a need

decide what fees to charge for a service or product

own and run any business as long as the laws are obeyed

all of the answers are correct

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

__________ protect consumers against harm from products on the market.

franchises

profit motives

private property rights

government regulations

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