10 (A)

Describe the forces that determine the distribution of goods and services in free enterprise, socialist, and communist economic systems.

In “Country XYZ”, an entrepreneurial spirit is supported by governments who underwrite research and development activities. Citizens are motivated to earn wages or profits. Owning private property becomes a standard of measure for people. Individual choice is celebrated and protected by local, state, or federal principles.

The above characteristics for “Country XYZ” show how goods and services are distributed in a -

A. socialist economic system.

B. command economic system.

C. free enterprise economic system.

D. subsistence economic system.

Which economic practice developed as a result of the growth of the trade routes shown on the map above?

A. Free-enterprise

B. Hunting and gathering

C. Subsistence farming

D. Traditional economy

Which of the following best completes the idea represented above?

A. Socialist Economics

B. Communist Economics

C. Traditional Economics

D. Free Enterprise Economics

The graphic above best represents which which economic system?

A. Socialist Economics

B. Communist Economics

C. Traditional Economics

D. Free Enterprise Economics

Who owns most of the resources, technology, and businesses in a free enterprise system?

A local government

B federal government

C private individuals

D non-profit organizations