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1. Global economic growth since 1970, the percentage of the world's population living on the equivalent of less than a dollar a day has fallen by more than 80 percent. This was primarily the result of:
a. governments action
b. foreign aid
c. socialism
d. communism
e. free enterprise and capitalism
f. U.N. development projects
2. Concentrating power in fewer individuals can have catastrophic effects for a country and its economy, because their mistakes are _________ making a country's problems worse.
a. minimized
b. magnified
c. neutralized
d. simplified
e. defused
3. Which of the following is characterized by low dependence on an organization and a desire for personal time, freedom, and challenges?
a. collectivism
b. democracy
c. individualism
d. anarchy
e. socialism
4. What is the most essential ingredient in wealth creation and economic growth in individual economies and globally?
a. money
b. natural resources
c. technology
d. knowledge
e. power
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