Business Essentials 2.04 Study Reviews

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

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

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

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

Which of the following is a disadvantage of private enterprise:

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

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

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

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

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

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

The basic role of the United States government is to

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

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

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

The economic basis for the private enterprise economic system is

Individuals put limits on their own economic freedom by

One of the results of freedom in the marketplace is that

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

Why are entrepreneurs important in a private enterprise system?