Practice Reasons for Government Intervention - 7.1 | Chapter: Introduction to Economics | IB MYP Grade 10: Individuals & Societies - Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What are public goods? Provide an example.

๐Ÿ’ก Hint: These goods benefit the public and are often funded by the government.

Question 2

Easy

Define income inequality.

๐Ÿ’ก Hint: Think about how wealth is spread across different social groups.

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 an example of a public good?

  • Highway
  • Private sports club
  • Online course

๐Ÿ’ก Hint: Consider which of these options is available for everyone to use.

Question 2

True or False: Government intervention is unnecessary in a perfectly competitive market.

  • True
  • False

๐Ÿ’ก Hint: Think about the presence of externalities in the market.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Examine the role of government intervention in your local economyโ€”identify at least two public goods and discuss their impact.

๐Ÿ’ก Hint: Consider how your community benefits from these services.

Question 2

Assess the effectiveness of government intervention during an economic crisis in the last decade. Provide evidence to support your stance.

๐Ÿ’ก Hint: Reflect on both short-term and long-term benefits of these interventions.

Challenge and get performance evaluation