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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Practice Questions

Test your understanding with targeted questions

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.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

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.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

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.

Challenge 2 Hard

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.

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