Advantages of the Free Enterprise Sect. 1
Authored by Renee Phelps
Social Studies
12th Grade
Used 1+ times
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6 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 and competition has lowered prices.
It leads to increased tax revenue for the government.
It ensures better working conditions for employees.
It promotes international trade.
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