Pierce College » Economics » Economics 002 - Principles of Economics II » Winter 2021

Question #1

In the US version of Capitalism, Government plays a substantial role.

A. TRUE

B. FALSE

Question #2

Find the word that finished this sentence which was the key point in the Part 2 presentation. Without money people would have to "__________"

A. Steal

B. Barter

C. Borrow

D. Beg

Question #3

The key point from Part 3's presentation was:

A. Creative destruction

B. Demand and supply

C. Demand curve

D. Innovation

Question #4

In the lecture we discuss that businesses are one of three types. Which one of these answers is NOT a type of business discussed in the lecture?

A. Sole Proprietorship

B. Corporation

C. Partnership

D. Conglomeration