Free market quiz

Organize these options into the right categories

Groups:

(a) Free market economy

,

(b) NOT a free market economy

• Businesses choose how they pay their workers.

• The goverment sets the prices.

• Only a few goods available

• You have to only one type of store.

• You can choose any job you want.

• A wide variety of goods

• Often there are long lines to buy goods.

• You can only do a select number of jobs.

• A seller can choose whatever he wants to sell.

• Sellers can choose what they want to sell.

Goods or services

• Good
• Service

Goods or Services

• Good
• Service

In a free market, people are allowed to decide what to sell and _________

• when to eat it
• for what price
• take it to their moms
• for what to dance to

When people want more things than they can actually have

• economy
• free market economy
• scarcity

Tasks you pay someone to do for you

• goods
• services
• market

A place where buyers and sellers come together

• goods
• services
• market

The system in which goods and services are bought and sold

• economy
• free market economy
• scarcity

The system in which goods and services are bought and sold

• economy
• free market economy
• scarcity