I just have no idear what is being asked (like what is set J) and if it is so basic why is it so general (I'm probably an idiot) .
Prove by induction on n that for any finite set I with cardinality n with $\forall i \in I$ and $\forall a_i \in \mathbb{R}$ $$\prod _{i\in I} (1 + a_i) = \sum _{j \in \mathcal{P}(I)} \left ( \prod_{j \in J} a_j \right )$$
I do not even know what $S_0$ would say. I think I am just so unfamiliar with indexed sets in pi notation that I am confusing myself.
The theorem is just stating how to expand $(1+a_1)(1+a_2)...(1+a_n)$
P(I) is the power set of I, i.e. the set of all subsets of I.
j is an element of P(I).
Also, the pi notation is similar to the $\Sigma$ notation. Just replace summation by multiplication.
Hope this helps.