What is free enterprise?
Free Enterprise Final Exam (Pt.4)

Quiz
•
Business
•
12th Grade
•
Hard
Christopher Yellowe
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy where the government determines prices, products, and services
An economy where businesses and services are free of government control
An economy where commercial activities are regulated through private measures
An economy where the market is controlled by monopolies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of free enterprise?
Central planning, public ownership of property, and fixed distribution of goods and services
Private property rights, voluntary contracts, and competitive bidding
Government interference in business and the economy
Decentralized knowledge among bureaucrats
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the goals of free enterprise?
Market efficiency, financial security, and economic opportunities
Government intervention, consumer rights, and stability
Restricted trade, limited choices, and controlled distribution
Monopolies, government control, and fixed prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the advantages of free enterprise?
Bureaucracy, inefficient processes, and higher costs
Greater expression and flexibility, innovation, and consumer-driven markets
Unprofitable products, worker safety, and ethical behavior
Government bailouts, market crashes, and financial instability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of free enterprise?
To allow citizens to dictate market and decide the value of trade
To restrict market participants and control economic outcomes
To prioritize government intervention and public policy
To limit consumer choices and regulate prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main benefit of free enterprise?
Limited freedom and restricted barriers to trade
Greater government control and policy restrictions
Limited consumer choices and restricted market participation
Freedom of choice and creative expression in transactions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between capitalism and free enterprise?
Capitalism focuses on the exchange of wealth, while free enterprise focuses on the production of goods
Capitalism restricts market mechanisms, while free enterprise allows for individual decisions
Capitalism emphasizes government intervention, while free enterprise emphasizes market freedom
Capitalism and free enterprise are the same concept
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