Which group creates regulations in mixed-market economies?

consumers
governments
monopolies
producers

Governments

Why does the US government create regulatory agencies? Check all that apply.

to create fair competition between producers
to limit the knowledge of certain consumers
to allow producers to have greater freedom
to protect consumers' health and safety
to prevent the formation of monopolies

To create fair competition between producers
To protect consumers' health and safety
To prevent the formation of monopolies

In a free-enterprise system, consumers decide:

how to set prices.
which goods to export.
which services to buy.
how to use materials.

Which services to buy.

In free-enterprise systems around the world, there are:

no restrictions on business ownership or business activity.
some restrictions on business activity but not on business ownership.
some restrictions on business ownership but not on business activity.
some restrictions on business ownership and business activity.

Some restrictions on business ownership and business activity.

Which is an example of regulation in the automobile industry?

the creation of fuel-efficiency standards for cars
the installation of satellite radio systems in some cars
the usage of multiple-year warranties to cover repairs
the production of hybrid models that conserve gasoline

The creation of fuel-efficiency standards for cars

What is one downside for consumers to competition in a free-enterprise system?

Consumers must be knowledgeable.
Consumers have limited choices.
The quality of goods often suffers.
The price of goods often decreases.

Consumers must be knowledgeable.

This photo shows a label that appears on food products in the United States.

This label is an example of:

producer innovation in a market economy.
freedom in the free-enterprise system.
regulation by a government agency.
competition between businesses.

Regulation by a government agency.

What are aspects of a free-enterprise system? Check all that apply.

Private ownership of property is severely restricted.
The government has a lot of power and influence.
There are few limits on the use of private property.
Consumers make all of their economic choices.
Producers make all of their economic choices.

There are few limits on the use of private property.
Consumers make all of their economic choices.
Producers make all of their economic choices.

In a free-enterprise system, producers decide:

how much to charge.
which services to buy.
where to shop for goods.
which goods interest them.

How much to charge.

What kind of economy uses a free-enterprise system?

a closed economy
a command economy
a market economy
a traditional economy

A market economy