Question

1. the struggle among sellers to attract consumers by offering the best products at the lowest prices is ______. 17. ____ gives people and businesses the opportunity to make their own decisions. 18. in the governments role as ____ of the american free - enterprise system, one of the issues the ____ must deal with is environmental hazards. 19. ____ is the name of the federal health insurance program for senior citizens. 20. ____ causes people to work more to pay for basic necessities. 21. receiving equal pay for equal work is related to ____. 22. ____ is the federal program of disability and retirement benefits that covers most working people. 23. protections from layoffs, illnesses, injuries or disabilities falls under the goal of ____. 24. a disadvantage of free market capitalism is uneven ____. 25. the goal of ____ is maximizing goods and services from the resources available. 26. ______ helps avoid inflation.

Explanation:

1. Competition is the term for sellers vying to attract consumers with quality - low - price products.
2. Economic freedom allows people and businesses to make independent decisions.
3. In the American free - enterprise system, the government as a regulator deals with environmental hazards.
4. Medicare is the federal health insurance for senior citizens.
5. Inflation forces people to work more to afford basic necessities.
6. Equal pay for equal work relates to fairness in employment. Social Security is the federal disability and retirement program for most working people.
7. Social Security provides coverage for most working people.
8. Protections from layoffs, etc. fall under the goal of economic security.
9. An uneven distribution of resources is a disadvantage of free - market capitalism.
10. Efficiency aims to maximize goods and services from available resources.
11. Stable prices help avoid inflation.

Answer:

1. competition
2. economic freedom
3. regulator
4. Medicare
5. inflation
6. Social Security
7. Social Security
8. economic security
9. uneven distribution of resources
10. efficiency
11. stable prices