Economic systems

Question 1

Which of the following is true of a free enterprise system, but not true of a communist system?

Accepted Answer

the government has less control over the economy

Question 2

Which economy was used by the Native Americans and the Mayans?

Accepted Answer

traditional

Question 3

One effect of Cuba eventually adopting free enterprise principles in the future would likely be

Accepted Answer

opportunities for Cubans to own a private business

Question 4

Which economy offers free healthcare in exchange for higher taxes?

Accepted Answer

mixed

Question 5

Private ownership of goods and services : capitalism, Government ownership of goods and service

Accepted Answer

communism

Question 6

Other names for this economy is free enterprise capitalism

Accepted Answer

free market

Question 7

All of the following are ethical responsibilities in a free enterprise economic system EXCEPT

Accepted Answer

giving the lowest price to people

Question 8

Which economy often goes with unlimited governments?

Accepted Answer

command

Question 9

Benefits of the free enterprise system in the United States include all of the following EXCEPT

Accepted Answer

central regulation of production

Question 10

In a communist economic system, such as that of Cuba, economic decisions are primarily made by

Accepted Answer

central government

Question 11

The economic system of the United States is which of the following?

Accepted Answer

free market

Question 12

Which economy is based on supply and demand?

Accepted Answer

free market

Questions 12