What are the cons of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
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Citizens often purchase their own health care and higher education.
There is no guarantee of steady employment for many citizens.
Citizens must pay for most basic necessities by themselves.
There may be a sizable gap between rich and poor people.
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What role do government agencies play in a mixed market economy?
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They regulate some aspects of production and distribution.
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What are some ways to address unemployment in a market economy? CHECK ALL THAT APPLY.
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creating new projects, promoting hiring, lowering restrictions
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Which statement best describes the body paragraphs of an argumentative essay?
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The body paragraphs flesh out the argument and include counterclaims and evidence from research.
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A pure market economy is sometimes called pure
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capitalism
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Which situation best reflects the concept of free enterprise?
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Consumers have a choice between two bakeries in a single city block.
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Economic patterns help economists make forecasts, which are also called
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predictions
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In a republic, elected officials create --- to regulate the economy.
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laws
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"Everyone's rights should be protected" is an argument
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for regulations
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New technology in --- allows producers to use materials from all over the world to manufacture goods.
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shipping
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In the free-enterprise system of the United States, the government
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makes some economic decisions
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In a command economy, a cotton farm floods after a heavy storm. The repair work most likely will be paid by
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the government group that runs the farm.
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In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of
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creating an innovative product
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This graph could help the US government
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make an economic prediction.
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How do economists use data? Check all that apply.
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to follow and predict unemployment rates
to explain trends in production and shipping
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