Practice Advantages - 8.1.2.2 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
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8.1.2.2 - Advantages

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is one advantage of capitalism?

💡 Hint: Think about what competition can lead to.

Question 2

Easy

Name one advantage of socialism.

💡 Hint: Consider what socialism aims to address.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

Which of the following is an advantage of capitalism?

  • Income equality
  • Consumer choices
  • State-owned enterprises

💡 Hint: Think about the benefits to consumers in a free market.

Question 2

True or False: Socialism aims to reduce income inequality.

  • True
  • False

💡 Hint: Consider the goals of a socialist economy.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze a real-world economy and argue whether it leans more towards capitalism or socialism. Support your claim with evidence.

💡 Hint: Consider governmental roles and the influence of market freedoms.

Question 2

Propose a mixed economic model for a fictional community, explaining how it balances efficiency with equity.

💡 Hint: Think about how to structure ownership while ensuring public welfare.

Challenge and get performance evaluation