Social Studies - Ch. 4 L. 1
Quiz by Taylor Serio
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- Q1
A ______ is an economy in which the government decides what goods and services can be made and sold.
consumer
producer
free enterprise system
command economy
120s - Q2
A _____ is a person or a company who makes a good or service to sell to others.
free enterprise system
producer
private property
consumer
120s - Q3
A _____ is an economy in which producers have the right to create any goods or services they want.
consumer
producer
free enterprise system
command economy
120s - Q4
A ____ is a person or a company who buys a good or service.
producer
command economy
private property
consumer
120s - Q5
What is land, homes, stores, and goods that people or companies own?
consumer
free enterprise system
private property
command economy
120s - Q6
For a consumer, which is part of making an economic choice?
The consumer purchases everything he or she needs or wants.
The consumer moves to a place that has very few businesses.
The consumer weighs his or her wants and needs before spending money.
The consumer makes goods and services to tell to others.
300s - Q7
In a free enterprise system, how should goods and services be produced?
They should be produced by the largest sector of the economy.
They should be produced by the government at the market.
They should be produced by the government.
They should be produced by producers in the market.
300s - Q8
What sector of the economy includes teachers?
manufacturing sector
service sector
tourism sector
entertainment sector
120s - Q9
A public park is an example of ____.
a service produced by the government that is available only to property owners.
a good produced by the government that is available to everyone.
a good consumed by the government that supports private companies.
a service provided by the government that protects private property.
300s - Q10
A woman who owns a business in which the government sets the prices operates in a ____________.
private property system.
command economy.
market economy.
free enterprise system.
300s - Q11
Group together the goods & services.
Users sort answers between categoriesSorting300s - Q12
Both the U.S. government and people who live in the United States are ____ and ___.
goods and services
needs and wants
producers and consumers
private property and command economy
300s