WorksheetsFree Enterprise System
Total questions: 10
Worksheet time: 5mins
Free enterprise system is also called
Free Market Economy
Free Life Economy
Free Money Economy
Free Business Economy
If there is a high demand, but low supply of a product the price will...
be the same
be higher
be lower
change randomly
Trading goods and services for other goods and services is called
trading
sharing
giving
bartering
Buying bubble gum and a soda from the gas station makes you a
producer
service
consumer
employee
When there is not enough of a good or service to meet peoples wants or needs it is called
bartering
scarcity
marketing
demanding
When the supply for a product is high, but the demand for the product is low, the price will
be higher
be the same
be lower
change randomly
Making lemonade and selling it at a lemonade stand for 25 cents makes you a
producer
giver
consumer
employee
In a free market economy people can
only buy or sell what the government says
run any business they want
choose a business from a list of options
only buy goods
The government's job in a free market economy is to
tell people and business what to do
control who buys what
control who sells what
make sure all businesses are run fairly
Who gets to decide what price to sell a product for?
the store where it's being sold
the person or company that made it
the people buying it
the government
