Practice Capitalism (Market Economy) - 8.1.2 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
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8.1.2 - Capitalism (Market Economy)

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is capitalism?

💡 Hint: Think about who owns the businesses.

Question 2

Easy

Name one advantage of capitalism.

💡 Hint: Consider what benefits arise from competition.

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

What is the primary motive behind capitalism?

  • Equality
  • Profit
  • Controlled economy

💡 Hint: Think about why businesses exist.

Question 2

True or False: Monopolies are a benefit of capitalism.

  • True
  • False

💡 Hint: Consider the impact of having only one option to buy from.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Discuss how income inequality can affect the stability of a capitalist economy and suggest potential solutions.

💡 Hint: Consider social policies that could balance wealth distribution.

Question 2

Evaluate the role of government regulation in preventing monopolies within a capitalist framework.

💡 Hint: Think about the difference between free markets and controlled markets.

Challenge and get performance evaluation