Entrepreneurship Answers

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According to the article, what is the primary cause of the decline in poverty rates in China?

A
US foreign aid
B
UN development projects
C
the introduction of free trade and entrepreneurship
D
the decline in foreign investment
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What evidence does the author use to argue against the claim that "free markets are driven by greed"?

A
Money is not important to entrepreneurs.
B
Business owners are driven by personal success, not profits.
C
Most entrepreneurs must take out second mortgages on their homes.
D
Most small-business owners are unhappy in their lives.
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How does this information about the author influence your opinion about the reliability of this source?Discuss at least one other type of source or document that would help you analyze the benefits and drawbacks of free enterprise.

Answer:

The author’s position as president of the American Enterprise Institute and his books about free enterprise suggest that he is knowledgeable about the topic, which makes the source more credible. However, because his organization supports free enterprise, he may be biased toward emphasizing its benefits and minimizing its drawbacks. I would also examine an academic study or government economic report, as well as a source from a critic of free enterprise, to compare evidence about its effects on businesses, workers, consumers, and the economy.

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Which of these did you include in your response? Check any that apply.

A
Brooks is president of an organization that works to protect free enterprise.
B
Brooks may be biased in favor of free enterprise.
C
Brooks is giving his opinion of the free enterprise system.
D
It would be helpful to have a different source to compare ideas.

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