15
QuizMultiple Choice

Economic Policy — Quiz

Question 15 • Economics

Which statements describe a free enterprise system? Choose four correct answers.

Answer
A
The government sets prices and wages.
B
Consumers and producers make their own decisions.
C
The government employs all workers.
D
Citizens can own property.
E
Supply and demand drives production.
F
Citizens can accumulate wealth.

Explanation

In a free enterprise system, consumers and producers make their own economic decisions, and supply and demand help determine what is produced. Citizens can also own property and accumulate wealth. Government control of prices and wages or employment of all workers are not defining features of this system.

AI-written and checked against the verified answer.

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