Will give fastest brainliest.
Im okay with you editing your answer, I just need answers quick(...
Social Studies, 15.04.2020 03:43 quintink
Will give fastest brainliest.
Im okay with you editing your answer, I just need answers quick( don't care if the answers come in separately).
Question 1
(Multiple Choice Worth 3 points)
The United States began as more of a
A market economy but grew more mixed as government added laws and regulations
B traditional economy but became a command economy as the government grew
C mixed economy but became a market economy by reducing government laws
D command economy but grew more mixed as government ended practices
Question 2
(Multiple Choice Worth 3 points)
Most nations in the world today have
A market economies
B command economies
C mixed economies
D traditional economies
Question 3
(Multiple Choice Worth 3 points)
Which type of economy for an organized, large society gives citizens the most freedom of choice?
A Traditional
B Mixed
C Command
D Market
Question 4
(Multiple Choice Worth 3 points)
Which economic thinker is correctly matched to the type of economy he supported?
A Smith – command
B Keynes — market
C Keynes – command
D Smith – market
Question 5
(Multiple Choice Worth 3 points)
A mixed economy is
A dependent only on the choices of individuals and businesses
B a combination of individual choice and government protection
C where people produce and trade traditional goods
D completely based on government decisions
Question 6
(Multiple Choice Worth 3 points)
How do patents help promote competition?
A They support people who wish to copy and profit from registered inventions.
B Knowing inventions can be protected encourages people to create new things.
C The owner of the patent can prevent other people and businesses from innovation.
D A patent can discourage businesses from offering new or improved goods and services.
Question 7
(Multiple Choice Worth 3 points)
Which of the following best describes the United States?
A It has a market economy with no government regulation. This is the only system that can work with a government run by the people.
B It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems.
C It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area.
D It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.
Question 8
(Multiple Choice Worth 3 points)
An inventor can obtain a(n) to protect his or her idea.
A antitrust
B price control
C patent
D regulation
Question 9
(Multiple Choice Worth 3 points)
Price controls are
A believed to prevent monopolies by stopping a company from setting prices too low or too high
B made by governments with a purpose of discouraging competition in the economy
C set prices for goods and services that only government-approved businesses may offer
D a system of government laws and regulations that control how people run their businesses
Question 10
(Multiple Choice Worth 3 points)
The purpose of antitrust law is to
A support efforts of companies to take over others
B discourage competition in certain markets
C force similar companies to combine into one
D protect competition by preventing monopolies
Answers: 3
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