Practice Challenges - 8.4.3 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Academics
Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Professional Courses
Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

games

8.4.3 - Challenges

Enroll to start learning

You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.

Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does 'dependency on foreign markets' mean?

💡 Hint: Think about what imports provide to a country.

Question 2

Easy

Define trade imbalance.

💡 Hint: Consider the balance between exports and imports.

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 a trade imbalance?

  • When exports exceed imports
  • When imports exceed exports
  • Both A and B

💡 Hint: Think about the relationships between imports and exports.

Question 2

True or False: Dependency on foreign markets does not pose any risks.

  • True
  • False

💡 Hint: Consider what happens in a global crisis.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the effects of trade imbalances on national economies in the context of recent global events.

💡 Hint: Consider how events such as the pandemic affected trade balances.

Question 2

Propose a policy that a government could implement to reduce dependency on foreign markets while still promoting international trade.

💡 Hint: Think about the balance of protecting industries vs. encouraging trade.

Challenge and get performance evaluation