1. What kind of economic system is the U.S.
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Transcribed Image Text:1. What kind of economic system is the U.S. (p. 34)
2. Which phrase means that everybody can start a
business?
3. What are the six main principles of the U.S. system?
(р. 39)
4. Who decides what kind of job you will get?
5. Who decides the fees that will be charged if you open
a business?
6. What is private property? (p. 35)
7. Give me two examples of public property. (p. 35)
8. Why do people open businesses? (p. 36)
9. What do we call the amount of money? (p. 35)
10. Do businesses try to keep costs down? (p. 36)
11. What do we call the rivalry between sellers? (p. 36)
12. What do we call the rivalry between sellers? (p. 36)
13. Who tries to provide the best services at the lowest
possible prices? (p. 36)
14. What does "sovereignty" mean?
15. If consumers want small SUVS, what kind of vehicle
will a car company make?
16. If people do not want your product then what will
happen to your business? (p. 37)
17. Do we all have to follow the law? (p. 37)
18. What is the law of the U.S.?
19. Which of the six economic principles is the most
important? Why?
20. Look at the picture on pg. 37. If I opened a fish
market in Dearborn, would it be successful? Why or
why not?
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