12
QuizMultiple Choice

Economic Policy: Influential Theories — Unit test

Question 12 • * HSA 26-27 Economics

Which describes an example of the economic system known as free enterprise?

Answer
A
People are free to shop around for products, but manufacturers dictate what is available.
B
People are free to shop for the best price on products because there is open competition.
C
Government oversight of business gives people freedom to shop for the best deals.
D
Government regulations ensure that everyone has the freedom to shop for the best deals.

Explanation

Free enterprise allows businesses to compete and consumers to choose among them. With open competition, people can shop around for the best price, as choice B describes. Choices C and D emphasize government oversight or regulation rather than competition as the source of consumer choice.

AI-written and checked against the verified answer.

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