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. FALSE

B. TRUE

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. Beg

B. Barter

C. Borrow

D. Steal

Question #3

The key point from Part 3's presentation was:

A. Creative destruction

B. Demand curve

C. Demand and supply

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. Conglomeration

B. Sole Proprietorship

C. Corporation

D. Partnership