This is question #66 from http://www.ets.org/s/gre/pdf/practice_book_math.pdf
Let $R$ be a ring with a multiplicative identity. If $U$ is an additive subgroup of $R$ such that $ur \in U$ for all $u \in U$ and for all $r \in R$ , then $U$ is said to be a right ideal of $R$. If $R$ has exactly two right ideals, which of the following must be true?
I. $R$ is commutative.
II. $R$ is a division ring (that is, all elements except the additive identity have multiplicative inverses).
III. $R$ is infinite.
Here is my reasoning:
Because $R$ is a ring, $R$ is also a additive group with some identity element $0$. We have a theorem that says $0r = 0 $ in any ring, so $\{0\}$ is a right ideal of $R$. Also, $R$ is a right ideal of $R$. Now I have found two different right ideals and there mustn't be any more.
Edit: As mentioned in the comments, the example below is not a ring, so it is not applicable to the problem. I could not fix it by taking additive closure because that introduced more than two ideals.
A possible candidate for $R$ could be the set of $2\times2$ matrices $\{0,I,-I,a,-a\}$ where $a = [[^1_0] ,[^0_0]]$. The only right ideals are $R$ and $\{0\}$. This ring satisfies only property I, but the answer key says that II is the correct answer.