Practice Capitalism (Market Economy) - 1.1 | Economic Systems and Development | IB MYP Grade 11: Individuals and Societies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is capitalism?

πŸ’‘ Hint: Think about private ownership and market competition.

Question 2

Easy

Name one advantage of capitalism.

πŸ’‘ Hint: Consider how businesses operate to earn profits.

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 core principle of capitalism?

  • Public ownership
  • Private ownership
  • Social ownership

πŸ’‘ Hint: Consider who controls resources in this economic system.

Question 2

True or False: In a capitalist economy, the government intervenes heavily in market transactions.

  • True
  • False

πŸ’‘ Hint: Think about how much power businesses have to operate freely.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the long-term effects of capitalism on income distribution within a society.

πŸ’‘ Hint: Think about the success stories versus those who struggle.

Question 2

Propose solutions to mitigate the negative impacts of capitalism, such as market failures.

πŸ’‘ Hint: Consider the role of government in creating fairness.

Challenge and get performance evaluation