Unit Test — Unit test Answers

25 verified answers

In a free-enterprise system, producers decide

how much to charge.

which services to buy.

where to shop for goods.

which goods interest them.

Critics of the wealth gap might argue that

economic growth will likely decline over time.

the upper classes cannot help create new jobs.

the wealthy become unable to make investments.

buying power exceeds the supply from producers.

How does the government of a republic typically shape its economy?

The government allows citizens to own private businesses.

The government blocks the ownership of personal property.

The government owns all homes and other forms of housing.

The government controls factories and other forms of production.

As economic theories, socialism and communism sought to

encourage private ownership of businesses.

even out inequalities of wealth.

encourage little government oversight.

build housing and schools for workers.

Producers can generate instant sales by using

devices.

forecasts.

patterns.

websites.

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