Competition And Free Enterprise

Which group creates regulations in mixed-market economies? consumers governments monopolies producers

Why does the US government create regulatory agencies? Check all that apply. to create fair competition between producers to limit the knowledge of certain consumers to allow producers to have greater freedom to protect consumers' health and safety to prevent the formation of monopolies

In a free-enterprise system, consumers decide: how to set prices. which goods to export. which services to buy. how to use materials.

In free-enterprise systems around the world, there are: no restrictions on business ownership or business activity. some restrictions on business activity but not on business ownership. some restrictions on business ownership but not on business activity. some restrictions on business ownership and business activity.

Which is an example of regulation in the automobile industry? the creation of fuel-efficiency standards for cars the installation of satellite radio systems in some cars the usage of multiple-year warranties to cover repairs the production of hybrid models that conserve gasoline

What is one downside for consumers to competition in a free-enterprise system? Consumers must be knowledgeable. Consumers have limited choices. The quality of goods often suffers. The price of goods often decreases.

This photo shows a label that appears on food products in the United States. This label is an example of: producer innovation in a market economy. freedom in the free-enterprise system. regulation by a government agency. competition between businesses.

What are aspects of a free-enterprise system? Check all that apply. Private ownership of property is severely restricted. The government has a lot of power and influence. There are few limits on the use of private property. Consumers make all of their economic choices. Producers make all of their economic choices.

In a free-enterprise system, producers decide: how much to charge. which services to buy. where to shop for goods. which goods interest them.

What kind of economy uses a free-enterprise system? a closed economy a command economy a market economy a traditional economy