Entrepreneurship Answers

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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%.":5%
According to the article, Americans make up about of the world's population, but about of the world's "top 1%.":50%
The author states that this wealth is due to America's commitment to.:free enterprise
4

The author states that this wealth is due to America's commitment to[___].

A
antipoverty programs
B
free enterprise
C
higher taxes
5

1%5% 10%

A
1%
B
5%
C
10%
6

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.
7

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.
8

In a paragraph, make a claim about the advantages of entrepreneurship and free enterprise.Be sure to support your claim with reasons and evidence. Also, address at least one counterclaim in your answer.

Answer:

Entrepreneurship and free enterprise provide important benefits to individuals and society. They allow entrepreneurs to exist and thrive by creating businesses, earning income, and developing innovative products and services. New businesses also create jobs, which helps reduce unemployment, while business taxes provide funding for government programs. Although some people argue that businesses can fail and cause unemployment, free enterprise generally creates more opportunities because it encourages innovation, investment, and job creation.

9

Which of these pieces of evidence are included in your answer? Check any that apply.

A
free enterprise creates income
B
free enterprise reduces unemployment
C
free enterprise allows for entrepreneurs to exist and thrive
10

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
11

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%.":5%
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
12

1%10%✔ 50%

A
1%
B
10%
C
✔ 50%
13

antipoverty programs✔ free enterprise higher taxes

A
antipoverty programs
B
✔ free enterprise
C
higher taxes
14

✔ top 1%X top 10% top 50%

A
✔ top 1%
B
X top 10%
C
top 50%
15

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.
16

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:

Brooks may be knowledgeable about free enterprise, but his role at an organization committed to protecting it and his book on the subject may influence him to favor it. I would use the article with some caution and compare it with a government economic report or an independent academic study that uses data to examine both the benefits and drawbacks of free enterprise.

17

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.
18

In a paragraph, make a claim about the advantages of entrepreneurship and free enterprise.Be sure to support your claim with reasons and evidence. Also, address at least one counterclaim in your answer.

Answer:

Entrepreneurship and free enterprise benefit society by giving people the opportunity to develop businesses and earn income. Entrepreneurs can create jobs, which helps reduce unemployment, and successful businesses contribute taxes that fund government services. Some people argue that entrepreneurship can cause unemployment when businesses fail or replace existing jobs, but new businesses also create work and economic opportunities. Overall, the benefits of encouraging entrepreneurs and allowing businesses to compete outweigh this risk.

19

Which of these pieces of evidence are included in your answer? Check any that apply.

A
free enterprise creates income
B
free enterprise reduces unemployment
C
free enterprise allows for entrepreneurs to exist and thrive

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