Consumers can influence the production and sale of goods by ._____________
Voting with their dollars- based on the consumption choices
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federal program retirement benefit that covers most work people
social security
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lowest legal wage that can be paid to most workers
minimum wage
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the role of the consumer as ruler of the market
consumer sovereignty
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boom
Lose 50 points!
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shark
Other team loses 20 points!
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rocket
Go to first place!
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baam
Lose 20 points!
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15
One of the characteristics of a capitalist free enterprise economy is ____. A) the minimum wage B) consumerism C) voluntary exchange D) central planning
voluntary exchange
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rise in the general level of prices
inflation
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Name the two of the four roles government has in a modified free enterprise economy
Protector, Provider, Regulator, Consumer
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What is the name of the federal health insurance program for senior citizens?
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banana
Go to last place!
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rocket
Go to first place!
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rocket
Go to first place!
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banana
Go to last place!
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15
What is an unfortunate consequence of growth under free enterprise capitalism?
income inequality - environmental damage - market instability
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Voluntary exchange is
Buyers and sellers may freely and willingly in market transactions
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What gives people and businesses the opportunity to make their own decisions?
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struggle between sellers to attract consumers
competition
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3. Between 2007 and 2009, the U.S. went through a difficult economic period called the