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Free Enterprise and Regulation

Authored by Patricia White

Social Studies

11th - 12th Grade

Free Enterprise and Regulation
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The disadvantage(s) of free enterprise capitalism is (are) 

uneven economic growth
growing gaps between rich and poor
large "supply side" tendencies
All answers are disadvantages of free enterprise capitalism

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

These are people who start new businesses to seek profits.

consumers
entrepreneurs
modified free enterprisers
free enterprisers

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is the role of the consumer as ruler of the market determining the types of goods and services produced.

consumer sovereignty
producer sovereignty
entrepreneur
free enterpriser

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

These are the three roles that the government has in the economy.

protector
provider
regulator
all of the answers are correct

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is the rise in the general level of prices.

fixed income
inflation
minimum wage increase
all the answers are correct

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This the lowest legal wage that can be paid to most workers.

inflation
minimum wage
social security
fixed income

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Income that does not increase over time.

fixed income
adjustable income
medicaid
minimum wage

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