An Economic System That Focuses on Supply and Demand in the Marketplace

question 52

Multiple Choice

An economic system that focuses on supply and demand in the marketplace and emphasizes minimal government regulation of the economy is called

• A)a command economy.
• B)mercantilism.
• C)colonialism.
• D)a laissez-faire economy.
• E)socialism.

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Definitions:

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, or reimburses the insured for expenses incurred from illness or injury.

Craft Kits

Prepackaged sets containing materials and instructions for creating handcrafted items.

Assembles

The act of gathering or putting together items from individual pieces.

Worker's Compensation

Worker's Compensation is an insurance program that provides financial benefits and medical care for workers who are injured or become ill as a direct result of their job.