Question 1

Another name for a free enterprise system is a ___________ economy. (Otro nombre para un sistema de libre empresa es una economía de ___________.

Accepted Answer

market (mercado)

Question 2

____________ play a smaller role than individuals in a free market economy. (__________ desempeñar un papel más pequeño que los individuos en una economía de libre mercado.)

Accepted Answer

Governments (Los gobiernos)

Question 3

Freedoms in a free enterprise system include: _____
(Las libertades en un sistema de libre empresa include__________________)

Accepted Answer

(1) buying and selling; (2) owning property; (3) maintaining a business ((1)comprando y vendiendo; (2) mantener un negocio.; (3) ser dueño de la propiedad.)

Question 4

In the United States, ________ produce most of the goods and services. (En los Estados Unidos, ________ producir la mayoría de los bienes y servicios.)

Accepted Answer

private businesses (empresas privadas)

Question 5

Businesses use their resources carefully so that they can make greater_________. (Las empresas utilizan sus recursos cuidadosamente para que _________.)

Accepted Answer

profit (ganar dinero)

Question 6

Consumers can ________________ what to buy in a free enterprise system. (Los consumidores pueden__________ qué comprar en un sistema de libre empresa.)

Accepted Answer

choose (escoger)

Question 7

Sometimes resources are scarce. People may have to _______________ than others are willing to pay for that item. (A veces los recursos son escasos.  Tal vez las peronas tienen que _________ por ese producto.)

Accepted Answer

pay more (paga más)

Question 8

Competition usually leads to lower prices and better __________________. (La competencia por lo general conduce a ________.)

Accepted Answer

quality (calidad)

Question 9

Voluntary exchanges take place when the ______________ and ______________ are free to make the exchange. (Los intercambios voluntarios tienen lugar ________.)

Accepted Answer

buyer and seller ( comprador y el vendedor)

Question 10

Name four roles of government in a free enterprise system. (Nombrar cuatro funciones de gobierno en un sistema de libre empresa.)

Accepted Answer

(1) promoting competition; (2) watching the way banks do business; (3) making sure workers have safe working conditions; (4) stop businesses from discriminating against workers or customers

Question 11

_______________________ is all the fixed costs and variable costs.(_________ total es de todos los costos fijos y los costos variables.)

Accepted Answer

Total cost ( coste total)

Question 12

Total revenue minus total cost, if positive,  equals ______________________.(costo total de ingresos total menos, si es positivo, es igual a _________.)

Accepted Answer

profit (lucro)

Question 13

Machinery is an example of a _____________________ cost.
(La maquinaria es un ejemplo de un costo __________.)

Accepted Answer

fixed ( fijo)

Question 14

A company has ______________________ when its expenses are greater than its revenue.(Una empresa ha ______ cuando sus gastos son mayores que sus ingresos.)

Accepted Answer

losses (pérdidas)

Question 15

Raw materials are _______________________ costs. (Las materias primas son los costos de _______.)

Accepted Answer

variable (variable)

Question 16

Money taken in by a business is its ____________________.
(Dinero recibido por una empresa es su ________.)

Accepted Answer

revenue (ingresos)

Question 17

Profits provide _____________________ for new factories and equipment.(Los beneficios proporcionan _________ para las nuevas fábricas y equipos.)

Accepted Answer

capital (capital o dinero)

Question 18

Property _________________ are an example of variable costs. (Propiedad _______ son un ejemplo de los costes variables.)

Accepted Answer

taxes (ejes)

Question 19

Sometimes fixed costs are called _______________________. 
(A veces los costos fijos se denominan ________.)

Accepted Answer

overhead ( gastos generales)

Question 20

A company that does not make a profit may have to ___________________ workers. (Una empresa que no tiene un beneficio puede tener a _________ trabajadores.)

Accepted Answer

lay off (despedir trabajadores)

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Ch. 3 Basic Economic