Unit Test — Unit test Answers

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In a free enterprise system, governments address public problems through policy to ensure that

citizens' needs are met and protected.

economic operations of businesses are controlled.

workers earn more than workers in other countries.

the nation's level of productivity remains steady.

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What is the main goal in creating the federal budget?

managing businesses and increasing spending on all programs

deciding how to manage the government’s tax revenue and expenditures

finding a way to allow the economy to run on its own

finding a way to slow down rapid economic growth

How are Bill Gates and Henry Ford similar? Check all that apply.

They both streamlined factory production.

They both became wealthy and successful.

They both helped better the lifestyles of others.

They both developed products that filled a human need or needs.

They both founded a company when they were very young.

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producers

consumers

government

prices

What is a primary economic goal of governments?

reducing income inequality

maximizing individual freedoms

advancing technological innovation

protecting natural resources

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