These are True or False. Please help!! 1. An arrangement that allows buyers and sellers to come together to trade goods, services,
and resources is called a market.
2. With voluntary exchange, there are simple controls on the activities of buyers and sellers.
3. There are two key questions to be answered in every economy.
4. Determining which of its citizens should benefit from the production of goods and
services is something each nation must decide.
5. When the government hires new employees, it is participating in the marketplace.
6. In a system of capitalism, the government decides what will be produced with the
resources available.
7. In the private enterprise system, you may start or invest in any business as long it is not
illegal to do so.
8. The profit motive is designed to allow lazy owners to become rich.
9. Freedom of choice is one of the important rights of the private enterprise system.
10. Our country's economic system is pure capitalism with no government intervention in the
marketplace