Question

Which statements are true regarding the free enterprise system? Select all that apply.
A. Businesses cannot be privately owned and operated.
B. Government is not heavily involved in private business.
C. Government provides consumer protection.
D. Government works to provide fairness in competition.

Answer 1

B. Government is not heavily involved in private business.
D. Government works to provide fairness in competition.

These two statements are true regarding the free enterprise system. A is false as businesses can be privately owned and operated, and C is not always true as government's role in providing consumer protection can vary in different free enterprise systems.