How many people in the world live in extreme poverty, by United Nation calculations?
a. 200 million
b. 300 million
c. 400 million
d. 500 million
e. 600 million
Question 2A major consequence of the corporate scandals in 2008 was __________.
a. the loss of public trust
b. the increase in security measures
c. the permanent collapse of the stock market
d. the elimination of the U.S. underclass
Question 3Extreme poverty by United Nation categories is having to live on how many dollars per year?
a. more that 400
b. less than 365
c. less than 275
d. less than 100
e. none of the above
Question 4According to Karl Marx, one of the contradictions of capitalism that will bring its downfall is________.
a. the collapse of the bourgeoisie
b. the rise of the lumpenproletariat
c. the falling rate of profit
d. the emphasis on laissez-faire economics
Question 5The Great Recession began in _________ and ended in _________.
a. 2007/2010
b. 2003/2004
c. 2000/2002
d. 1999/2005
Question 6The capitalist philosophy dating back to Adam Smith argues that
a. business needs to be regulated.
b. the government should punish wrong-doers in business.
c. the government should stay out of economic affairs.
d. industry is based on a rational set of principles.
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