need 4-7 and also the back please!!!!..

The American Free Enterprise System Lesson 3 Evaluating Economic Performance Review Questions Directions: Read each main idea and complete the statements below Refer to your textbook as you write the A Economic and Social Goals Main Idea: Many people In the United States share seven economic and social goals economic freedom economic efficiency. economic equity, economic security, full employment, price stability, and economic growth. 1. Economic freedom is the ability of businesses and consumers to make their own economic decisions 2. Because resources are scarce, we need to have economic effiecency J Because we Value economic equity it is illegal to discriminate in employment, there is a minimum wage, and there are Lemon Laws _ that protect consumers from false advertising and defective products, 4. To protect against adverse economic events, the government set up a retirement and disability benefits program called as well as a health insurance program called 5. Without jobs, people cannot support themselves or their families, because of this, the goal of full Is important to many people: 6. Price helps protect against a rise in the general level of prices, called This rise In prices can hurt people on a fixed In addition, higher rates can discourage business activity. 7. Economic is essential to meet people's as the populationThe American Free Enterprise System B. Resolving Trade-Offs Among Goals Main Idea: Sometimes our economic and social goals conflict with one another Compromise and democratic procedures help us resolve these conflicts. 1. Conflicting goals Involve considering and costs 2. In the United States, many conflicting economic goals are worked out politically, and people for candidates who support their goals. 3. Our attempts to achieve our economic goals are a reason we have a mixed or free enterprise economy