16. the struggle among sellers to attract consumers by offering the best products at the lowest prices is…

16. 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 government’s 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.

16. 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 government’s 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.

Answer

Brief Explanations:

  1. Competition is the struggle among sellers to attract consumers by offering the best products at the lowest prices.
  2. Free - enterprise system allows people and businesses to make their own decisions.
  3. In the government's role as regulator of the American free - enterprise system, it must deal with issues like environmental hazards.
  4. Medicare is the federal health insurance program for senior citizens.
  5. High cost of living can cause people to work more to pay for basic necessities.
  6. Equal pay for equal work is related to fairness in the workplace.
  7. Social Security is the federal program of disability and retirement benefits that covers most working people.
  8. Protections from layoffs, illnesses, injuries or disabilities fall under the goal of economic security.
  9. A disadvantage of free - market capitalism is uneven distribution of wealth.
  10. The goal of efficiency is maximizing goods and services from the available resources.
  11. Stable prices help avoid inflation.

Answer:

  1. Competition
  2. Free - enterprise system
  3. Regulator
  4. Medicare
  5. High cost of living
  6. Fairness
  7. Social Security
  8. Economic security
  9. Distribution of wealth
  10. Efficiency
  11. Stable prices