The American Free Enterprise System

The American Free Enterprise System

9th - 12th Grade

25 Qs

quiz-placeholder

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The American Free Enterprise System

The American Free Enterprise System

Assessment

Quiz

Social Studies

9th - 12th Grade

Easy

Created by

Jonathan Bohannon

Used 2+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which privately owned businesses have the freedom to operate for a profit with limited government intervention.

Communism
Socialism
Anarchy

Free Enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Act of buyers and sellers freely and willingly engaging in market transactions, a characteristic of capitalism and free enterprise.

Mandatory exchange
Forced transaction
Coerced trade
Voluntary exchange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fundamental feature of capitalism, which allows individuals to own and control their possessions as they wish, includes both tangible and intangible property.

Public property rights
Shared property rights
Government property rights
Private property rights

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Difference between the revenue from sales and the full opportunity cost of resources involved in producing the sales.

profit

loss

free enterprise

accounting

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Driving force that encourages people and organizations to improve their material well-being; characteristic of capitalism and free enterprise.

Profit motive
Capitalistic urge
Money drive
Wealth desire

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The struggle among sellers to attract consumers.

Indifference
Monopoly
Collaboration
Competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fuel made from wood, peat, municipal solid waste, straw, corn, tires, landfill, gases, fish oils, and other waste.

Nuclear fuel

Biofuels

Solar fuel
Hydroelectric fuel

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