Check my answers please 1. Which of the following describe the role of an entrepreneur in a capitalist economic system? (I need to select 2)
ASomeone who combines the factors of production into a business
BSomeone who decides how much regulation the economy needs
CSomeone willing to risk loss and failure for profit
DSomeone with no ambition who assesses the market
ESomeone who represents the public authorities My answers are a and b 2. Why was the Sherman antitrust act essential in protecting the American free market?
Ait curtailed the ability of the government to regulate the economy
BIt restricted monopolies and Fossard competition
CEstablished the governments ability to regulate the economy
DIt began the free market system My answer is b 3. The FDA is an example of government regulation in a mixed economy through enforcing laws about which of the following?
ATruthfulness in advertising B. Election fairness C. Citizenship or work visas for all workers D. Standards for product safety My answer is d
ASomeone who combines the factors of production into a business
BSomeone who decides how much regulation the economy needs
CSomeone willing to risk loss and failure for profit
DSomeone with no ambition who assesses the market
ESomeone who represents the public authorities My answers are a and b 2. Why was the Sherman antitrust act essential in protecting the American free market?
Ait curtailed the ability of the government to regulate the economy
BIt restricted monopolies and Fossard competition
CEstablished the governments ability to regulate the economy
DIt began the free market system My answer is b 3. The FDA is an example of government regulation in a mixed economy through enforcing laws about which of the following?
ATruthfulness in advertising B. Election fairness C. Citizenship or work visas for all workers D. Standards for product safety My answer is d
