Multiple Choice
By freedom of enterprise, we mean that individual
A) workers are free to look for jobs and work in whichever firm will hire them.
B) firms are free to employ resources, to produce output, and to sell products.
C) producers are free to produce whatever the government decides is needed by the society.
D) consumers are free to buy whatever products will satisfy their needs the most.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: The term consumer sovereignty means that<br>A) government
Q106: What are the Five Fundamental Questions that
Q112: The market system's answer to the fundamental
Q124: Central planning in the Soviet Union and
Q145: The invisible hand promotes society's interests because<br>A)
Q153: The economies of North Korea and Cuba
Q237: In a market system, a firm's employees
Q239: Consumers express self-interest when they<br>A)seek the lowest
Q243: The highly influential book by Adam Smith,
Q244: A characteristic of centrally planned economies is