Practice Tools of Intervention - 8.3.2 | Unit 8: Economic Systems and Decision-Making | IB Board Grade 12 – Individuals and Societies
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Tools of Intervention

8.3.2 - Tools of Intervention

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is the purpose of government intervention in the economy?

💡 Hint: Think about why a free market might need assistance.

Question 2 Easy

Name one tool of government intervention.

💡 Hint: What are some ways governments can influence markets?

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is one primary reason for government intervention in markets?

To restrict competition
To correct market failures
To maximize profits for businesses

💡 Hint: Think about what markets might not do well on their own.

Question 2

True or False: All government regulations are harmful to the economy.

True
False

💡 Hint: Consider the importance of safety standards and fair practices.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate the long-term effects of removing a major subsidy in an industry.

💡 Hint: Consider both immediate and eventual outcomes.

Challenge 2 Hard

Analyze how extensive government regulation might affect market efficiency.

💡 Hint: Evaluate a balance between necessary protections and free operation.

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