During the Economic Prosperity of the 1980s in the Pacific

question 14

Multiple Choice

During the economic prosperity of the 1980s in the Pacific Rim,many countries treated the creation of general economic wealth and prosperity as:

• A)a patriotic duty.
• B)the right of the wealthiest citizens.
• C)the province of private industry.
• D)an obligation of the government.
• E)an opportunity for all people.

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Definitions:

Publicly Held

A designation for a company whose shares are traded publicly on stock exchanges and can be bought by investors.

Privately Held

Describes a business that is owned by private investors, employees, or company founders and not traded publicly on stock exchanges.

Artificial Being

A legal entity, not a natural person, created by law and recognized as having rights and duties.

Corporation

A corporation is a legal entity separate from its owners, offering limited liability protection, and has the ability to raise capital through the issuance of shares.