Practice Subsidies and Support Schemes - 4.3 | Chapter: Macroeconomics | 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 is a subsidy?

πŸ’‘ Hint: Think about what government support can help improve.

Question 2

Easy

Name a type of support scheme.

πŸ’‘ Hint: What are some incentives the government can give to help businesses?

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 the primary purpose of subsidies?

  • To increase taxes
  • To provide financial assistance to specific sectors
  • To reduce government spending

πŸ’‘ Hint: Think of the definition of subsidies.

Question 2

True or False: Support schemes can only be direct cash payments.

  • True
  • False

πŸ’‘ Hint: Consider different types of government support.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze a real-world example of a subsidy program. What was its goal, and how effective was it in achieving that goal?

πŸ’‘ Hint: Look for government reports or news articles discussing the effects of the subsidy.

Question 2

Design a hypothetical support scheme aimed at reducing economic inequality. What features would it include?

πŸ’‘ Hint: Think about the sectors of society that need the most help and how to effectively provide it.

Challenge and get performance evaluation