Free Enterprise System

Presentation

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Social Studies

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12th Grade

•

Practice Problem

•

Medium

Itzel Figueroa

Used 3+ times

FREE Resource

6 Slides • 6 Questions

Multiple Choice

Who is considered the father of Economics, is the Scottish author of An Inquiry into the Nature and Causes of the Wealth of Nations ?

Adam Smith

Fedrick Hayek

John Maynard Kaynes

Abraham Lincoln

Match

Match the following

Competition

Property Rights

Economic Freedom

Incentives

struggle for consumers business

right of ownership and control

free to make your owneconomic decisions

encourages certain economic choices

Multiple Choice

In a free market society, the answer to the question about how much to produce is determined by-

census data

profit projections

consumer demand

government quotes

Multiple Choice

Which is NOT characteristic of Free Enterprise System

competition between business owners

Government ownership of the factors of production

Responsive prices and a variety of goods

Investment Opportunities and economic freedom for producer and consumer

Multiple Choice

What characteristic of the US free enterprise system creates the incentive to work, save and invest?

Social security

Voluntary exchanges

private property ownership

Consumer sovereignty (eco freedom)

Categorize

Options (15)

competition

private property

entrepreneurship

profit motive

consumer choice

Workers' rights

Collective ownership

Income equality

Public ownership of resources

Social welfare programs

collective farming

central planning

proletariat dictatorship

Marxism-Leninism ideology

Veriety of goods and services

Organize these options into the right categories

Free Enterprise System

Socialism

Communism

Show answer

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