Quiz on "Doesn't Capitalism Make the Poor Poorer and the Rich Richer?"




Important Instructions for Taking Quiz

There are two kinds of questions those with circles in front of the answers and those with squares in front of the answers.  The ones with circles have only one answer.  The ones with squares can have more than one answer but might only have one answer. Lets say a question has 2 right answers and you check the correct boxes but you also check two boxes that are the wrong answer. You will get a score of zero on the question even though 2 of the answers were correct. 
 

AOC said no one makes a billion dollars, they take a billion dollars.  Is that true?"


No

Steve Jobs became a billionaire developing computers and phones.  Did he make us all poorer in the process?


No

If we choose to buy something that costs us money are we benefiting even though it makes someone else richer?


No

When wealthy people leave money in bank accounts are they wasting  money that could be used by the poor?

Yes
No: Banks invest that money and so create wealth that benefits everyone.

 

If $10,000 is given to a poor drug addict and the same amount is given to a wealthy man, who is more likely to create more wealth with that money?


The poor drug addict


A company has a monopoly when


They are the only ones who sell cars
They make half of the monopoles

 

If a company develops a new kind of car that makes life easier for everyone and everyone spends $25,000 to buy it


They become richer