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Free Enterprise 1
Free Enterprise 2
Economic Growth
Public Goods
100

This characteristic of Enterprise says that everyone in the United States has the chance to achieve success

Opportunity

100

This Benefit of free enterprise that all resources are used to there best ability

efficient allocation of resources

100

The study of economic behavior and decision making in a nations whole economy

Macroeconomics

100

a shared good or service for which it would be inefficient or impractical to make consumers pay individually or to exclude those who do not pay

Public good

200

This characteristic of free enterprise encourages behaviors through either rewards or punishments

Incentives

200

Fining someone for littering would be an example of a negative one of these

Incentives

200

The study of economic behavior and decision making in small units, such as households and firms

Microeconomics 

200

This problem is when someone uses a public good they would not otherwise pay for

Free Rider

300

This characteristic of free enterprise drives individuals and businesses to make decisions that improve their material well being

Profit Motive

300

Rewarding someone for recycling would be an example of a positive one of these

Incentive

300
This measure of a nation's economic health, the total value of all final goods and services produced in a country in a given year

Gross Domestic Product

300

The government system used to help those below the poverty threshold

Welfare

400

This is considered the primary characteristic of a free enterprise system

private ownership and voluntary exchange

400

TRUE or FALSE: in a free enterprise system the government has control over prices

False

400
Increasing productivity, encouraging innovation, and improving efficiency are the role of this in economic growth 

technology

400
An economic side effect of a good or service that generates benefits or costs to someone other that produces or consumes it

externality