A car company is deciding on a location for a new factory. Its leaders finally agree on a plan to build the factory in a foreign country to take advantage of cheaper labor. Even though the plan is criticized by local activists and newspapers, the company moves ahead with it. Which element of the free enterprise system does this situation best reflect?A.Individual freedom for producersB.Limited role of the governmentC.CompetitionD.Profit motive

A free enterprise system is a type of economy that:A.focuses on producing and selling goods in local communities.B.ensures that all citizens have jobs and places to live.C.strictly controls corporations to protect consumers.D.prevents governments from interfering with businesses.

One of the key characteristics of the U.S. free enterprise system is:A.limited competition between large businesses in each industry.B.governments deciding which goods will be produced.C.businesses making decisions based on the profit motive.D.strict limits on the kinds of products available to consumers.

A free enterprise system is also called ____________ or a market economyResponsescapitalismcapitalisma mixed economya mixed economycommunismcommunisma dictatorship

Who or what owns the means of production in a free-market economic system?Multiple choice question.citizens with connections in the governmentstate governmentfederal governmentprivate firms

Which idea is an important element of the U.S. free enterprise system?A.It is wrong for companies to compete against each other.B.It is wrong for the government to control the economy.C.It is wrong for businesses to pursue maximum profits.D.It is wrong for consumers to freely buy and sell products.