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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
3

top 1% top 10% top 50%

A
top 1%
B
top 10%
C
top 50%
4

antipoverty programsfree enterprise higher taxes

A
antipoverty programs
B
free enterprise
C
higher taxes
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Use the drop-down menus to complete the sentences.

Answers:
According to the article, Americans make up about of the world's population, but about of the world's "top 1%.":50%
This means that a majority of Americans are in the of all earners in the world, which is defined as those earning more than $34,000 a year.:top 1%
The author states that this wealth is due to America's commitment to.:free enterprise
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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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1%5% 10%

A
1%
B
5%
C
10%

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Entrepreneurship Answers — IL-Economics