When an economy is capitalist and has free markets, it can be said that the economy is based on ______________ _______________.

Econ 3.1 Quiz

Quiz
•
Financial Education
•
10th Grade
•
Medium
Charles Sempkowski
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
One of the characteristics of the U.S. economy is the ______________ role of the government.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Between 2007 and 2009, the U.S. went through a difficult economic period called the ______________ _______________.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______________ motive is what drives people and organizations to improve their material well-being.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______________ ______________ rights allow people to own and control their possessions as they see fit, as long as it does not interfere with the rights of others.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three synonymous terms to describe the U.S. economic system are free enterprise, capitalism, and _________.
limited role of government
competition
free market
economic freedom
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The dollar value of all final goods, services, and structures produced in a country in a year is known as _________.
Gross Domestic Product
Gross National Product
franchise
profit motive
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