Question

guided reading activity 2 - 3
for use with textbook pages 47 - 50
the goals of the nation
outlining
directions: locate the heading in your textbook. then use the information under the headings to help you write each answer.
goals of a free enterprise economy
a. the american economic system

1. the united states has what kind of economic system?
2. what are the national goals for the american economic system?

b. economic freedom

1. what is the goal of economic freedom?
2. what risk is involved in having economic freedom?

Explanation:

1. The United States has a mixed - market economic system which combines elements of free - market and government intervention.
2. National goals for the American economic system include economic growth, full employment, price stability, and equitable distribution of income.

For B.1, the goal of economic freedom is to allow individuals and businesses to make their own economic decisions without excessive government interference.
For B.2, a risk involved in economic freedom is the potential for economic instability and inequality as market forces may not always lead to fair outcomes.

Answer:

1. A mixed - market economic system.
2. Economic growth, full employment, price stability, equitable distribution of income.

B.1. To allow individuals and businesses to make their own economic decisions without excessive government interference.
B.2. Potential for economic instability and inequality.