Technology and Tradition

Question 1

Sharing economy is?

Answer 1

Is an umbrella term with a range of meanings, often used to describe economic and social activity involving online transactions.

Question 2

What are three examples of a sharing economy?

Answer 2

Uber, Airbnb, Poshmark

Question 3

Profit is?

Answer 3

A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.

Question 4

A sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low are known as?

Answer 4

Subsides

Question 5

Subsides are?

Answer 5

Sums of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low.

Question 6

Tariffs are?

Answer 6

A tax or duty to be paid on a particular class of imports or exports

Question 7

The triple bottom line incorporates what three dimensions of performance?

Answer 7

Social, Ecological, Financial

Question 8

Ethical investment describes?

Answer 8

An investment process that incorporates environmental and social factors when selecting investments

Question 9

When there’s a practice, policy or rule, which applies to everyone in the same way, but it has a worse effect on some people than others, it is called?

Answer 9

Indirect discrimination

Question 10

A structural change is?

Answer 10

An economic condition that occurs when an industry or market changes how it functions or operates.