An __________ is a risk-taking individual in search of profits.

3.2 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
30 sec • 1 pt
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
In a market, the __________ is the ruler by determining the goods and services produced.
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
An economic system with a combination of command, traditional, and market economies is known as a __________.
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The national government plays the role of __________ by preserving marketplace competition.
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
An entrepreneur acts as __________ and spark plug, stimulating activity among forces or people.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The phrase “the customer is always right” is most often associated with what term?
entrepreneurship
consumer sovereignty
mixed economy
regulatory government
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In its role as a regulator, what is the government’s primary responsibility?
It takes a “hands-off” approach to business.
It tells businesses what to produce and what to sell.
It interferes with business only when it is profitable.
It establishes laws and rules to maintain competition.
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