Title: QUIZ: How Does the Gig Economy Support Entrepreneurship? -- Page One Economics®
Course: Kelly's Copying and Exporting Course > Section: How Does the Gig Economy Support Entrepreneurship? -- Page One Economics®

Q: What characteristics are true of entrepreneurs, according to the text?
- Their aversion to taking risks
- Their preference for stable employment
- Their willingness to take risks and develop new products
- Their reluctance to accept financial rewards
A: Their willingness to take risks and develop new products

Q: How do entrepreneurs benefit from participating in the gig economy, according to the text?
- By avoiding financial risks
- By receiving guaranteed income
- By smoothing their income while developing their businesses
- By having a stable, fixed schedule
A: By smoothing their income while developing their businesses

Q: What is the “reservation wage,” as described in the text?
- The amount a person is willing to pay for a service
- The earnings level above which a person will not work
- The maximum wage a person can earn in a particular job
- The earnings level below which a person will not work
A: The earnings level below which a person will not work

Q: According to the text, when are entrepreneurs more likely to provide Uber rides?
- On weekdays from 9 a.m.-12 noon
- On weekdays from 12 noon-5 p.m.
- On weekends
- When surge pricing kicks in
A: On weekends

Q: What is the impact of the gig economy on entrepreneurial activity, as mentioned in the text?
- It decreases entrepreneurial activity.
- It has no significant impact.
- It discourages entrepreneurial activity.
- It encourages more entrepreneurial activity.
A: It encourages more entrepreneurial activity.

Q: What role does the gig economy play in supporting entrepreneurs, based on the text?
- It restricts their access to resources.
- It provides opportunities to smooth or supplement income.
- It discourages entrepreneurial risk-taking.
- It ensures steady and guaranteed income for entrepreneurs.
A: It provides opportunities to smooth or supplement income.

Q: How does the gig economy affect new business creation?
- The gig economy competes with and forces closure of existing businesses.
- The gig economy has no effect on new business formation.
- New business registrations increase after the arrival of the gig economy in a city.
- New business registrations decrease after the arrival of the gig economy in a city.
A: New business registrations increase after the arrival of the gig economy in a city.

Q: Most Uber drivers drive ________ hours per week.
- 8-15
- 15-25
- 25-35
- 35-40
A: 8-15