9
QuizMultiple Choice

Economic Policy — Quiz

Question 9 • Personal Finance and Economics

Which statements describe a free enterprise system? Choose four correct answers.

Answer
A
The government employs all workers.
B
Supply and demand drives production.
C
Citizens can accumulate wealth.
D
Citizens can own property.
E
The government sets prices and wages.
F
Consumers and producers make their own decisions.

Explanation

In a free enterprise system, consumers and producers make their own economic decisions, and supply and demand help determine what is produced. Citizens can also own property and accumulate wealth. Government control of prices and wages or employment of all workers are not defining features of this system.

AI-written and checked against the verified answer.

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