ECO (2.43) Goals of Free Enterprise Quiz

ECO (2.43) Goals of Free Enterprise Quiz

10 Qs

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ECO (2.43) Goals of Free Enterprise Quiz

ECO (2.43) Goals of Free Enterprise Quiz

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

1. A rise in the general level of prices of all goods & services is called what?

stagnation
inflation
deflation
recession

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

2. What is the name of the STATE health insurance program for persons who can’t afford healthcare?

Social Security
Medicare
Medicaid
SNAP

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

3. Equal pay for equal work is an example of which of the 7 major economic goals of free enterprise?

price stability
economic security
economic freedom
economic equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

4. Inflation is especially hard on what group of people?

legal immigrants
illegal immigrants
recent college graduates
people on a fixed income

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

5. The wise use of scarce resources & factors of production describes which of the 7 major economic goals of free enterprise?

economic growth
economic efficiency
full employment
economic freedom

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

6. The situation where unemployment among capable workers is as close to 0% as possible describes which of the 7 major economic goals of free enterprise?

economic growth
economic efficiency
full employment
economic security

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

7. What is the name of the FEDERAL health insurance program for senior citizens?

Social Security
Medicare
Medicaid
SNAP

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