Practice Instruments - 8.3.3.2 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
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8.3.3.2 - Instruments

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is government intervention?

💡 Hint: Think about the need for correcting market behaviors.

Question 2

Easy

Name one type of regulation.

💡 Hint: Consider laws that protect the public.

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 main purpose of government intervention?

  • To promote free markets
  • To correct market failures
  • To reduce taxes

💡 Hint: Consider what happens in cases of market collapse.

Question 2

True or False: Expansionary fiscal policy decreases government spending.

  • True
  • False

💡 Hint: Think about its goal in stimulating the economy.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze a scenario where a country faces high unemployment. Should the government use expansionary or contractionary fiscal policy? Explain your reasoning.

💡 Hint: Think about stimulating growth versus controlling inflation.

Question 2

Evaluate the effectiveness of regulations on environmental issues. Are they sufficient to address climate change?

💡 Hint: Consider the complexities of addressing global issues with local laws.

Challenge and get performance evaluation