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FC8: Econ/Social Goals, Voluntary exchange, Private property rights
By Jeffrey See
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Last updated over 6 years ago
5 questions
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Question 1
1.
Question 2
2.
Question 3
3.
Question 4
4.
Question 5
5.
Which
economic/social goal
stresses justice, impartiality, and fairness?
Price stability
Efficiency
Security
Equity
Social security, unemployment compensation and food stamps are examples of which
economic/social goal
?
Freedom
Equity
Growth
Security
Classify the following
economic/social goals
as strengths of either a market or command economy.
Security
Stability
Full employment
Efficiency
Sustainability
Growth
Freedom
Market economy
Command economy
When buyers and sellers freely engage in market transactions with the expectation that both parties will benefit, the result is called:
Consumer sovereignty
Competition
Private property rights
Voluntary exchange
Patents, copyrights, and trademarks are all part of which
characteristic of capitalism
?
Competition
Government regulation
Private property rights
Voluntary exchange