Practice Key Features (8.1.2.1) - Unit 8: Economic Systems and Decision-Making
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Key Features

Practice - Key Features - 8.1.2.1

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Practice Questions

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Question 1 Easy

What are the main features of capitalism?

💡 Hint: Think about what drives economic activities and ownership.

Question 2 Easy

Identify one advantage and one disadvantage of socialism.

💡 Hint: Consider what socialism aims to achieve and its possible trade-offs.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is the primary focus of capitalism?

Collective ownership
Profit motive
Central planning

💡 Hint: Consider what drives the economy in capitalist systems.

Question 2

True or False: In socialism, private property is encouraged.

True
False

💡 Hint: Think about the ownership structure in socialist economies.

2 more questions available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate how capitalism could be adapted to address income inequality. Propose one mechanism that could be implemented.

💡 Hint: Consider ways government policy can address wealth distribution.

Challenge 2 Hard

Develop a case study that compares the economic output of a capitalist nation versus a socialist nation over the last decade. Summarize the findings.

💡 Hint: Focus on various economic outputs and social metrics to provide a comprehensive analysis.

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