1. A Market economy features: A People relying on customs to make economic decisions B The government directly controlling the production and sale of goods C Private companies o…

Question

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1. A Market economy features:

A People relying on customs to make economic decisions

B The government directly controlling the production and sale of goods

C Private companies opertering without government interference

D The government placing some regulations on free businesses

2 Which statement best summarizes the economic theories of Adam Smith

A Economies that are based on free trade will always be unstable

B Economies work best when government leave businesses alone

C Economic problems mostly result from the struggles between classes

D Economic growth should be carefully guided by the government

3 Government most often regulates often essential services like water treatment by

A Eliminating pure competition markets

B Setting up natural monopolies

C Taking control; over private corporations

D Creating barriers to entry in monopolistic competition

4 What type of businesses organization offers many benefits and its specific to the United States?

A Corporations

B Sole proprietors

C Limited liability

D Partnerships

5 The Purpose of fiscal policy is to

A Conduct foreign diplomacy

B Tax and spend money

C Regulate corporate behavior

D Create and enforce laws

6Monetary influences the economy by adjusting the

A Gross domestic product

B Money supply

C Unemployment rate

D Budget deficit

Answer 1

1.) A.) private companies operating without government interferance.

2.) B.) Economies work best when government leave businesses alone

3.) B.) Setting up natural monopolies

4.) C.) Limited liability

5.) B.) Tax and spend money

6.) B.) Money supply

Step-by-step explanation:

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