EC 015 Post Test

One of the differences between private enterprise and other types of economic systems is that in other systems, workers

Which of the following is a benefit of the freedom to own private property:

Which of the following is a disadvantage of private enterprise:

For which of the following do workers compete in a private enterprise system:

Every society must develop a system for deciding how it will use its resources so that it can

Why are entrepreneurs important in a private enterprise system?

One of the results of freedom in the marketplace is that

Alex owns a guitar, several books, and a telescope. Alex’s possessions are examples of

One of the factors that directly limits the economic freedom of individuals in a private enterprise system is government

The private enterprise economic system is often described as a(n)

The basic role of the United States government is to

Which of the following statements best describes the way that the U.S. economic system functions:

The economic basis for the private enterprise economic system is

Malinda owns a home, instead of living in it, she decides to rent it out to make more money. Which economic freedom?

Private enterprise is based on the idea that everyone is better served when

One of the benefits of economic freedom is that it provides individuals with

Who answers the basic economic questions in a private enterprise economic system?

In a private enterprise economic system, consumers can choose from a variety of products as a result of

Individuals put limits on their own economic freedom by

One of the freedoms provided to individuals by the private enterprise system is the freedom to choose