Guided Reading Activity 2-3 "The Goals of the Nation"

What risk is involved in having economic freedom?

The Gov. wont help if you fail.

How does the government give security to the economy?

They give protection against risks

What is the goal of economic freedom?

To allow each member of the society to make choices.

What must the economy do in order to keep up with a growing population?

increase the amounts of goods and services

What are the rights and responsibilities of individuals in the American free enterprise system?

to be able to support yourself and family, and you have responsibility of your education.

How is standard of living measured?

Average value of goods and services used

The United States has what kind of economic system?

Capitalist or Free enterprise

What are some policies the American government has passed to help create a fair and just economic system?

Equal pay for equalwork

What happens if the factors of production in an economic system are wasted?

Fewer goods and services will be produced

What are the national goals for the American economic system?

Freedom, Efficiency, Equality, Security, Stability, and Growth.

What is the goal of economic stability?

Reduce extreme ups and downs