E12 - Lesson 1 – An Historical Perspective
Q.1
Which of the following are not one of the three keys points that students are asked to take away from Lesson 1?
The American free enterprise system has created jobs & prosperity despite all the challenges that it has faced.
Generations of innovators & entrepreneurs before us have the created the jobs & prosperity we enjoy today.
The standard of living in the United States is less than that in Germany, England and Japan.
Few countries in the world enjoy a standard of living that approaches that of the USA.
Q.2
Which is the following is not a true statement about the United States as stated in Lesson 1?
The USA is the third largest country in the world in terms of population.
The USA has the largest economy in the world as measured by its GDP (Gross Domestic Product).
The standard of living in the USA is slightly less that of Germany and the United Kingdom as measured by each country’s per capita national income.
The standard of living in the USA is the highest in the world among all large major countries in the world.
Q.3
As noted in Lesson 1, which of the following countries are stated to be among the poorest in the world?
Pakistan
Nigeria
Bangladesh
All of the above
Q.4
Which of the following are noted in Lesson 1 to be among the great American entrepreneurs from the past?
John D. Rockefeller
Andrew Carnegie
Harvey Firestone
All of the above
Q.5
As noted in Lesson 1, how many recessions have there been in the USA since the 1929-1933 Great Depression?
None
2
8
13