
ECONOMICS: CHAPTER 3 SECTION 1: BENEFITS OF A FREE ENTERPRISE
Social Studies
12th Grade
5 Questions

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1.
DRAG AND DROP QUESTION
30 sec • 1 pt
The principle of voluntary exchange promotes market competition by: (a)
Encouraging innovation
Reducing prices
Increasing consumer choice
Enhancing product quality
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An interest group is:
a group of people who share common objectives and actively seek to influence policymakers.
a group of people who are interested in a particular hobby.
a group of people who are not interested in politics.
a group of people who work in the same industry.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The right of eminent domain is:
the government's power to take private property for public use, with compensation.
individuals' right to claim public land.
corporations' ability to seize land for private development.
citizens' right to refuse government projects on their land.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inequality or discrimination can hurt an economy's ability to maximize its human capital. Which of the following is an example?
Reduced access to education for certain groups
Increased investment in technology
Equal employment opportunities for all
Higher tax rates for the wealthy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do your consumer decisions impact the economy?
Increasing demand for goods and services
Decreasing the supply of money
Having no impact on the economy
Only affecting local businesses
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