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5 questions
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  • Q1
    What type of economic system does the United States have?
    It is mostly a free market economy and mixed economy
    30s
    CE.12.a
  • Q2
    What are the characteristics of the United States Economic system?
    • 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.
    30s
    CE.12.a
  • Q3
    What is a market?
    any place where buying and selling are taking place
    30s
    CE.12.a
  • Q4
    What is free enterprise?
    Markets are generally allowed to operate without undue interference from the government. Prices are determined by supply and demand as buyers and sellers interact in the marketplace
    30s
  • Q5
    In the United States are most economic decisions made by the private or public sector?
    private
    30s
    CE.12.a

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