Advantages of the Free Enterprise System
Authored by Michael Laubacher
Social Studies
12th Grade
Used 5+ times
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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A free enterprise system is also known as a
capitalist system
communist system
socialist system
traditionalist system
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability for everyone to enter and compete in the marketplace is called
open opportunity
legal equality
free contract
profit motive
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Everyone having the same economic rights under the law is called
profit motive
free contract
legal equality
open opportunity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to decide for yourself which legal agreements you will enter into is called
profit motive
open opportunity
legal equality
free contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Free to Choose was written by
Adam Smith
Karl Marx
Milton Friedman
Gary Dahl
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some of the advantages of Mexico’s “informal market”?
It provides employment opportunities for many people.
It contributes to the country's GDP significantly.
It offers goods and services at lower prices.
All of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit is determined by subtracting the costs of
marketing a product from the revenue gained by selling it
producing a product from the revenue gained by marketing it
producing a product from the revenue gained by selling it
selling a product from the revenue gained by producing it
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