Unit Test — Unit test

Question 1

In the free-enterprise system of the United States, the government

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makes some economic decisions.

Question 2

"Everyone’s rights should be protected" is an argument

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for regulation.

Question 3

In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of

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creating an innovative product.

Question 4

Which situation best reflects the concept of free enterprise?

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Consumers have a choice between two bakeries in a single city block.

Question 5

What might happen if an economy is unable to produce wanted goods and services?

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People will look elsewhere for them.

Question 6

The factors of production attempt to instill the idea that resources are

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scarce.

Question 7

What type of labor force might a pottery factory want to focus on when hiring?

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highly skilled

Question 8

Which of the following are considered needs? Choose three answers.foodInternetcell phoneresidencetelevisionwater

Revolt · Accepted Answer

food; residence; water

Unit Test — Unit test Answers