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Free Enterprise and Other Economic Systems. Flashcards | StudBud

Explore/Free Enterprise and Other Economic Systems.

Examples of the government as a regulator would include.

Which is known for offering many health and public services to everyone at little or no cost?

Free Enterprise and Other Economic Systems.

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An introduction to Free Enterprise and Other Economic Systems.

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Questions 9

Answers

1
Which is known for offering many health and public services to everyone at little or no cost?
Command Economies
All of the above
Free Enterprise Economies
Traditional Economies
2
Examples of the government as a regulator would include.
Building and zoning permits
Overseeing interstate commerce and banking.
All of the above
Preserving competition and handling automobile registration.
3
Example of the government as a provider at the national level.
Providing education and welfare
Providing town parks and local libraries
All of the above
Supplies defense services
4
Which economic system encourages new ideas through competition and profit motives.
Command Economies
Free Enterprise Economies
Traditional Economies
All of the Above
5
What does consumer sovereignty mean?
The consumer is ruler of the market
Consumers are soft
None of the above
Freedom
6
Which list includes four of the seven economic goals of the U.S. economy?
Freedom, equity, security, world domination
Freedom, efficiency, deficiency, security
Freedom, efficiency, equity, security
Freedom, hot dogs, equity, security
7
The government has to buy stuff to build up the military and schools is an example of what role
Consumer
Regulator
8
Examples of the government a protector.
Laws against unsafe food, drugs, and automobiles.
All of the above
Laws against false and misleading advertising.
Laws against environmental hazards.
9
What is true about entrepreneurs in a free enterprise economy?
All of the above
They are the catalyst
They face risks
They seek profits