1. What is another word used to describe free enterprise? 2. List the five principles on which the U. S. Economic system of free enterprise is comprised of. 3. List the three sectors on which the circular flow model illustrates. 4. Describe the principle of Freedom to choose businesses. 5. Describe the principle of Right to private property. 6. Describe the principle of Profit motive. 7. Describe the principle of Competition. 8. Describe the principle of Consumer sovereignty. 9. Explain the interactions involving the household sector of the U. S. Economy. 10. Explain the interactions involving the business sector of the U. S. Economy. 11. Explain the interactions involving the government sector of the U. S. Economy. Place the correct responses in the blanks using information from the lesson.