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Free Enterprise Check For Understanding

Authored by Aaron Baugh

Social Studies

Used 2+ times

Free Enterprise Check For Understanding
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6 questions

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1.

DRAG AND DROP QUESTION

1 min • 1 pt

In a free enterprise system the government places ​ ​ (a)   ​restrictions on businesses and its citizens.

minimum
normal
maximum
abnormal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If more than one person sells similar products to consumers, how do consumers benefit?

the price of the product will most likely go up

the quality of the product will remain the same

the amount of goods available will be lower

the price of the product will most likely go down

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of an entrepreneur in America?

Provide jobs to immigrants

To make a profit

To open lots of stores

To retire rich

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under a free enterprise system, businesses in the US are allowed to do all of the following EXCEPT

decide what products to sell

decide how to operate their business

price their products

they're allowed to do all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept that people have the right and privilege to control their possessions as they wish.

legal equality
open opportunity
private property
profit incentive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept that people may decide what and when they want to buy and sell goods & services

voluntary exchange
legal equality
private property
open opportunity

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