Economics

Front

A good bought from another country

Back

Import

Front

Goods sold to another country for profit.

Back

Export

Front

How much of a certain resource or product is wanted.

Back

Demand

Front

What type of economic system does the United States use?

Back

Free Enterprise

Front

According to the Free Enterprise system, how can you make money using your car?

Back

You can drive Uber.

Front

What is the main goal of Free Enterprise?

Back

Economic Freedom

Front

This nation's government does NOT use a free enterprise system: Canada, United States, North Korea, South Korea

Back

North Korea

Front

Which type of economy is best described by the following characteristics?
-Limited government interference in business
-Prices determined by supply and demand
-Private owners receive the profits

Back

free enterprise

Front

What is the role of business owners in free enterprise?

Back

They can choose what to sell and how much to sell it for

Front

In a command economy, who sets the quantity and prices of goods?

Back

government