Free Enterprise Final Exam (Pt.4)

Free Enterprise Final Exam (Pt.4)

12th Grade

10 Qs

quiz-placeholder

Similar activities

ECON 3.2

ECON 3.2

9th - 12th Grade

10 Qs

economics

economics

10th Grade - University

8 Qs

Economics Quizizzzzzz year 8 aussie curriculum

Economics Quizizzzzzz year 8 aussie curriculum

7th Grade - Professional Development

12 Qs

Economic Systems

Economic Systems

12th Grade

15 Qs

Chapter 1 Review

Chapter 1 Review

10th - 12th Grade

15 Qs

Economic Systems

Economic Systems

12th Grade

15 Qs

Economic Systems

Economic Systems

9th - 12th Grade

13 Qs

Economic Systems

Economic Systems

9th - 12th Grade

15 Qs

Free Enterprise Final Exam (Pt.4)

Free Enterprise Final Exam (Pt.4)

Assessment

Quiz

Business

12th Grade

Hard

Created by

Christopher Yellowe

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is free enterprise?

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?