Practice Example - 8.1.4.4 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
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Example

8.1.4.4 - Example

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Practice Questions

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Question 1 Easy

Define capitalism.

💡 Hint: Think of ownership and profit.

Question 2 Easy

What is a mixed economy?

💡 Hint: Remember the mix of capitalism and socialism.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What economic system promotes private ownership?

Capitalism
Socialism
Mixed Economy

💡 Hint: Think about ownership in the economy.

Question 2

True or False: Socialism aims to reduce income inequalities.

True
False

💡 Hint: Consider the goals of socialism.

1 more question available

Challenge Problems

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Challenge 1 Hard

Critically analyze the implications of income inequality in a capitalist society and propose potential policies to address these issues.

💡 Hint: Look at historical examples and current policies for insights.

Challenge 2 Hard

Evaluate the role of government in a mixed economy and its effect on market freedom.

💡 Hint: Consider case studies from various countries.

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