#1
Which economic system allows private individuals to own and operate businesses for profit?
#2
What is the term for the idea that individuals and businesses have the freedom to make economic choices without government interference?
#3
In free enterprise, what is the role of prices in a market economy?
#4
In capitalism, what is the term for the resources used to produce goods and services, including natural resources, human capital, and physical capital?
#5
What is the term for the ability of an individual or firm to enter and leave a market freely?
#6
What is the invisible hand in the context of free enterprise?
#7
Which term refers to the total value of all goods and services produced within a country's borders in a specific time period?
#8
In capitalism, what is the primary motive for producers and businesses?
#9
Which of the following is a characteristic of a free enterprise system?
#10
What is the term for a situation where a single seller dominates a market and controls the supply of a good or service?
#11
Which economic system places a strong emphasis on social equality and collective ownership of the means of production?
#12
Which of the following is a key feature of a mixed economy?
#13
In capitalism, what is the role of competition in the market?
#14
Which economist is known for his influential book 'The Wealth of Nations' and is considered a key figure in the development of capitalism?
#15
What is the term for the total market value of all final goods and services produced annually within a country's borders?
#16
Which economic concept suggests that government intervention in the economy can lead to inefficiencies and should be minimized?
#17
What is the term for the idea that government should not interfere in economic affairs and individuals should be free to pursue their own self-interest?
#18
Which economic system relies on central planning and government control of the means of production?
#19