Sharing Economy and Gig Economy Quiz

What is the gig economy?

• A labor market characterized by short-term contracts or freelance work

• An economic system in which assets or services are shared between private individuals

• An economic system in which goods and services are bought and sold

• A market where permanent jobs are prevalent

What is the sharing economy?

• A labor market characterized by short-term contracts or freelance work

• An economic system in which assets or services are shared between private individuals

• An economic system in which goods and services are bought and sold

• A market where permanent jobs are prevalent

How is the sharing economy executed in the marketplace?

• Through the use of digital technology

• Through physical stores and shops

• Through government regulations

• Through traditional advertising methods

What is one benefit of the sharing economy?

• Increased physical and digital security

• Limited access to goods and services

• Higher prices for consumers

• Ability to borrow, rent or buy from other individuals

What issue has the expansion of the sharing economy raised?

• Environmental concerns

• Lack of consumer demand

• Physical and digital security

• Decreased job opportunities

By 2020, what percentage of working Americans will be involved in the sharing/gig economy?

• 10%

• 25%

• 43%

• 60%

What did Time Magazine cite collaborative consumption as?

• One of 10 ideas that would change the world

• A failed concept

• A threat to the economy

• An outdated concept

What is one example of the sharing economy?

• Renting out your car

• Buying a new car

• Working a permanent job

• Investing in stocks

What is one example of the gig economy?

• Renting out your car

• Buying a new car

• Working a permanent job

• Investing in stocks

What is a characteristic of the gig economy?

• Prevalence of short-term contracts or freelance work

• Sharing assets or services between private individuals

• Buying and selling goods and services

• Having a permanent job