The Free Enterprise System
Authored by Gilbert Velasquez
Social Studies
12th Grade
Used 40+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the social & political commitment & freedom to start their own businesses & compete
free enterprise system
free response system
free travel system
freedom of choice
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The driving force behind people going into business is
profit margin
profit motive
opportunity cost
taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This concept insures that everyone can compete in the marketplace by opening a business:
profit incentive
legal equality
open opportunity
open market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concept of giving everyone the same legal rights, equal protections & due process of law.
profit incentive
legal equality
open opportunity
open market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concept that people have the right and privilege to control their possessions as they wish.
legal equality
open opportunity
private property
profit incentive
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concept that people may decide what and when they want to buy and sell goods & services
voluntary exchange
legal equality
private property
open opportunity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rivalry between sellers to get more customers by lowering costs & better goods/services
voluntary exchange
competition
incentives
legal equality
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