Key Changes in the Economy Quiz

What has been a key change in our economy over the last decade?

• The growth of manufacturing.

• The growth in the on-demand and shared economy sectors.

• A decrease in use of technology.

• None of the above.

Increasingly, what are consumers demanding?

• Slower delivery of goods.

• Less rapid service.

• Goods and services being delivered or received more rapidly.

• All of the above.

What is it called when a company’s main role is to connect customers to providers or sellers using the company’s software or platform?

• Caring economy.

• Business economy.

• Shared economy.

• None of the above.

A common specialized shared-economy services or sector is

• ridesharing.

• delivery services.

• on-demand odd jobs.

• All of the above.

What is a benefit of shared economy jobs?

• You easily become your own boss.

• Many different job possibilities to choose from.

• Flexibility of work schedules.

• All of the above.

Two popular ridesharing applications are

• Uber and Lyft.

• Rideshare and Trucking.

• Tripadvisor and Priceline.

• None of the above.

The once thriving taxi industry has been devastated by the ridesharing economy because they

• don’t have enough drivers.

• can’t compete with the low fares or beat the convenience of ridesharing.

• own older cars and provide bad service.

• All of the above.

Most rideshare drivers

• work full-time.

• are forced to do this job.

• work part-time and do the job as a means to make extra money.

• All of the above.

In a shared economy, the company making the connection between the customer and the provider receives a fee or percentage of the sales.

• True

• False

One of the first businesses to achieve success with a shared business model was Pepsi.

• True

• False