Describing the characteristics of the United States economy, including limited government, private property, profit, markets, consumer sovereignty, and competition.
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Q 1/5
Score 0
What type of economic system does the United States have?
30
It is mostly a free market economy and mixed economy
Q 2/5
Score 0
What are the characteristics of the United States Economic system?
30
• A market exists whenever buyers and sellers exchange goods and services.
• Free enterprise
• Private property
• Profit motive
• Competition
• Consumer sovereignty
• Government involvement in the economy is limited.
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5 questions
Q.
What type of economic system does the United States have?
1
30 sec
CE.12.a
Q.
What are the characteristics of the United States Economic system?
2
30 sec
CE.12.a
Q.
What is a market?
3
30 sec
CE.12.a
Q.
What is free enterprise?
4
30 sec
Q.
In the United States are most economic decisions made by the private or public sector?
