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Ch. 3 Basic Economic

Another name for a free enterprise system is a ___________ economy. (Otro nombre para un sistema de libre empresa es una economía de ___________. market (mercado)
____________ 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.) Governments (Los gobiernos)
Freedoms in a free enterprise system include: _____ (Las libertades en un sistema de libre empresa include__________________) (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.)
In the United States, ________ produce most of the goods and services. (En los Estados Unidos, ________ producir la mayoría de los bienes y servicios.) private businesses (empresas privadas)
Businesses use their resources carefully so that they can make greater_________. (Las empresas utilizan sus recursos cuidadosamente para que _________.) profit (ganar dinero)
Consumers can ________________ what to buy in a free enterprise system. (Los consumidores pueden__________ qué comprar en un sistema de libre empresa.) choose (escoger)
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.) pay more (paga más)
Competition usually leads to lower prices and better __________________. (La competencia por lo general conduce a ________.) quality (calidad)
Voluntary exchanges take place when the ______________ and ______________ are free to make the exchange. (Los intercambios voluntarios tienen lugar ________.) buyer and seller ( comprador y el vendedor)
Name four roles of government in a free enterprise system. (Nombrar cuatro funciones de gobierno en un sistema de libre empresa.) (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
_______________________ is all the fixed costs and variable costs.(_________ total es de todos los costos fijos y los costos variables.) Total cost ( coste total)
Total revenue minus total cost, if positive, equals ______________________.(costo total de ingresos total menos, si es positivo, es igual a _________.) profit (lucro)
Machinery is an example of a _____________________ cost. (La maquinaria es un ejemplo de un costo __________.) fixed ( fijo)
A company has ______________________ when its expenses are greater than its revenue.(Una empresa ha ______ cuando sus gastos son mayores que sus ingresos.) losses (pérdidas)
Raw materials are _______________________ costs. (Las materias primas son los costos de _______.) variable (variable)
Money taken in by a business is its ____________________. (Dinero recibido por una empresa es su ________.) revenue (ingresos)
Profits provide _____________________ for new factories and equipment.(Los beneficios proporcionan _________ para las nuevas fábricas y equipos.) capital (capital o dinero)
Property _________________ are an example of variable costs. (Propiedad _______ son un ejemplo de los costes variables.) taxes (ejes)
Sometimes fixed costs are called _______________________. (A veces los costos fijos se denominan ________.) overhead ( gastos generales)
A company that does not make a profit may have to ___________________ workers. (Una empresa que no tiene un beneficio puede tener a _________ trabajadores.) lay off (despedir trabajadores)



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