CH 3 Econ Review

When there is inflation, prices in general

Who or what does the modification in a modified free enterprise economy?

What is the name of the federal health insurance program for senior citizens?

What gives people and businesses the opportunity to make their own decisions?

________________ is a Federal program of retirement and disability benefits

Consumers can influence the production and sale of goods by

What is one of the benefits related to economic equity?

What motivates people to work, save and invest?

How does the government operate in a free enterprise economy?

Inflation causes people to

The minimum wage is an attempt to reach which goal?

Which best describes the U.S economy?

Protection from layoffs, illnesses, injuries or disabilities falls under the goal of _________

The dollar value of all final goods, services, and structures produced in a country in a year:

Which is not a characteristic of free enterprise capitalism?

Who ultimately determines the success of a product?

Protects consumers against harm from products on the market.

"The customer is always right" is most associated with what term?

Economic action done by free choice

What motivates people to work and contributed to the growth of the free enterprise system?