Practice Disadvantages (8.1.3.3) - Unit 8: Economic Systems and Decision-Making
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Disadvantages

Practice - Disadvantages - 8.1.3.3

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Practice Questions

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Question 1 Easy

What is one disadvantage of capitalism?

💡 Hint: Think about how wealth is distributed in a capitalist society.

Question 2 Easy

What characterizes a monopoly?

💡 Hint: Consider how competition affects product availability.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is a disadvantage of capitalism?

High efficiency
Income inequality
Strong public goods provision

💡 Hint: Consider what happens to wealth in a capitalist system.

Question 2

True or False: Socialism enables unlimited individual economic freedom.

True
False

💡 Hint: Think about who controls economic decisions in socialism.

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Challenge Problems

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Challenge 1 Hard

Evaluate how excessive regulation in a mixed economy can hinder growth and innovation.

💡 Hint: Consider the trade-off between regulation and free enterprise.

Challenge 2 Hard

Discuss the impact of monopolies on consumer choice and pricing.

💡 Hint: Reflect on how options are limited in a monopoly versus a competitive market.

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