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In a free-market economy, consumption, and investment decisions:
 
A) Are controlled largely by the government.
B) Shape the future course of the national economy.
C) Are necessarily controlled by big businesses.
D) Require protection from foreign forces if individuals require wealth and accumulation.

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Joshua Stredder
Joshua StredderLv10
19 Oct 2020
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Related questions

Which of the following is a characteristic of a command economy?
 
a) freedom of choice
b) all resources are government owned and controlled
c) the economic decisions are determined by market forces
 
Which of the following is characteristic of a country with a planned economic system?
a. The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
b. The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
c. The economic system combines private and state enterprises with limited intervention from the government.
d. The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
e. The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.

pick all that apply to which statements correctly describes Controls and Freedom.

1 When government taxes income, it reduces economic freedom.
2 In the past 50 years, the expanding role of government is evidence of the movement toward a centrally controlled economy.

3 None of the answers are correct.
4Government taxes and controls more than 40% of the economy. That means it takes away 40% of people's income and spends it on what government chooses rather than on what individuals choose.

5When government taxes corporate profits, it reduces economic freedom.
6When government outlaws birth control, it reduces economic freedom.
7 When the government outlaws the sale, distribution, and consumption of marijuana, it reduces economic freedom.
8 In the past 50 years, the U.S. has moved away from a purely free market economy and moved toward a centrally controlled economy.

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