Quiz 1
1. The wave of deregulation of the late 1970s changed which of the following industries?
a. Trucking
b. Airlines
c. Communication
d. All of the above
e. None of the above
2. From the mid-50s to the mid-60s some foreign competition began to emerge, and as a result, big
business in the United States
a. barely seemed to notice.
b. immediately panicked.
c. went to the government for protection.
d. improved its methods of production.
e. none of the above.
3. By the 1950s entrepreneurship
a. was sweeping the country.
b. was regarded as much less important to our economy than big business.
c. had been victimized by unfair foreign competition.
d. was the darling of Wall Street.
e. none of the above.
4. The historic changes in the world economy of the 1980s and 1990s have been part of
a. the technosociety.
b. the new world order.
c. the entrepreneurial-controlled market.
d. the free market decline.
e. all of the above.
5. Among the changes occurring in the world economy of the 1980s and 1990s is/are
a. technological changes.
b. increasing worldwide competition.
c. thousands of jobs being eliminated.
d. all of the above.
e. none of the above.
T or F
6. Because of the magnitude of economic problems in many parts of the world, the World Bank has
withdrawn its support of programs fostering entrepreneurship.
