Practice Mixed Economy (1.3) - Economic Systems and Development - IB 11 Individuals and Societies
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Mixed Economy

Practice - Mixed Economy

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

Define a mixed economy in one sentence.

💡 Hint: Think about how the economy is structured regarding ownership.

Question 2 Easy

What is one advantage of a mixed economy?

💡 Hint: Consider the motivations of business owners.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is a mixed economy?

A system solely based on capitalism
A blend of capitalism and socialism
An entirely state-controlled economy

💡 Hint: Think about what each term defines.

Question 2

True or False: Mixed economies completely eliminate market failures.

True
False

💡 Hint: Consider the challenges faced in economies.

2 more questions available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Design a policy for a mixed economy that balances market efficiency with social welfare. Justify your choices.

💡 Hint: Consider sectors where public needs intersect with private services.

Challenge 2 Hard

Critically assess the impact of market failures on public perception of mixed economies, using real-world examples.

💡 Hint: Think about how crises influence people's opinions on economic structures.

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