The Free Enterprise System

What is another name for U.S. capitalism?

• The Controlled Economy System

• The Free Enterprise System

• The Socialist System

• The Communist System

What is one of the chief advantages of the free enterprise system?

• Increased government control

• The ability to make a profit

• Limited competition

• Restricted freedoms

What is required to maintain a functioning free enterprise system?

• Strict government regulations

• Moral responsibility and ethical behavior

• A single large corporation

• No competition

How does a free enterprise system benefit consumers?

• By limiting product choices

• By increasing taxes

• By fostering competition and innovation

• By enforcing strict government controls

What role does government play in a free enterprise system?

• It does not interfere at all with businesses

• It controls the pricing of all goods and services

• It ensures fair practices and protects property rights

• It owns and operates all major industries

Why is entrepreneurship important in a free enterprise system?

• It leads to government monopolies

• It decreases overall employment rates

• It drives economic growth and innovation

• It restricts competition

What was the outcome of Madison Robinson's business venture, Fish Flops, by 2013?

• It went bankrupt.

• It had over $1 million in sales.

• It failed to make a profit.

• It was sold to a larger company.

What can unethical behavior lead to?

• It can lead to business failure and a loss of trust in the system.

• It can lead to business success but a loss of trust in the system.

• It can lead to business failure but loss of trust in the system.

• None of the above

Tags

CCSS.RI. 9-10.2

CCSS.RI.8.2

CCSS.RL.7.2

CCSS.RL.8.2

CCSS.RL.9-10.2