Quiz on the Sharing Economy

What is the estimated growth of the sharing economy from 2014 to 2025?

• $20 billion to $400 billion

• $10 billion to $250 billion

• $14 billion to $335 billion

• $30 billion to $500 billion

Which of the following is NOT an alternative name for the sharing economy?

• Access economy

• Traditional economy

• Platform economy

• Gig economy

What percentage of private vehicles go unused for their lifetime?

• 85%

• 95%

• 75%

• 90%

Which company is mentioned as an example of the sharing economy?

• Walmart

• eBay

• Uber

• Amazon

What is one of the key insights about the sharing economy?

• It is primarily a government initiative.

• It is a peer-to-peer based activity.

• It is only about renting physical goods.

• It has no impact on traditional businesses.

What is a major challenge identified for the sharing economy?

• High entry barriers for startups

• Lack of consumer interest

• Limited technology use

• Regulatory compliance

What is the role of regulations in the sharing economy according to the report?

• To standardize prices across platforms

• To increase barriers for new companies

• To lower barriers to entry for startups

• To eliminate competition

What percentage of Americans believe they will use services through the sharing economy in the next two years?

• 72%

• 80%

• 60%

• 50%

Which demographic is most represented among workers in the sharing economy?

• 18-24 years old

• 25-34 years old

• 45-54 years old

• 35-44 years old

What is one recommendation for sharing economy companies to build trust with regulators?

• Increase prices for services

• Share data and algorithms with the government

• Reduce the number of services offered

• Limit consumer access to data