Help Economists Make Forecasts Which Are Also Called Predictions

In the free-enterprise system of the United States, the government

makes some economic decisions.

Economic patterns help economists make forecasts, which are also called ________.

predictions

Which situation best reflects the concept of free enterprise?

Consumers have a choice between two bakeries in a single city block.

New technology in ______ allows producers to use materials from all over the world to manufacture goods.

shipping

How do economists use data? Check all that apply.

1 & 4

A pure market economy is sometimes called pure _________.

capitalism

In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of

creating an innovative product.

What are some ways to address unemployment in a market economy? CHECK ALL THAT APPLY.

1, 3, & 5

What role do government agencies play in a mixed market economy?

They regulate some aspects of production and distribution.

"Everyone's rights should be protected" is an argument

for regulation.

This graph could help the US government

make an economic prediction.

In a republic, elected officials create _______ to regulate the economy.

laws

The proper style for an argumentative essay is _____.

formal

The government has the right to own all land, buildings, and factories in a

command economy.

What are the cons of a mixed market economy for most citizens? CHECK ALL THAT APPLY.

1, 3, 4, & 6