Practice Economic drivers with authentic MYP MYP Individuals & Societies exam questions for both SL and HL students. This question bank mirrors Paper 1, 2, 3 structure, covering key topics like core principles, advanced applications, and practical problem-solving. Get instant solutions, detailed explanations, and build exam confidence with questions in the style of MYP examiners.
How do entrepreneurs typically react to a price signal indicating that buyers are willing and able to pay higher prices for a specific product?
Which of the following statements about consumers in a market economy is correct?
A manufacturer's decision to replace manual assembly lines with fully automated robotic systems is an attempt to answer which core economic question?
Which of the following is considered a key economic driver for development in developing countries?
How does the prospect of 'profit' serve as an economic driver for firms in a market economy?
While a country may have abundant natural resources (land), its economic growth depends heavily on how efficiently it uses those resources. This distinction is known as:
An increase in the availability of __________ can specifically drive growth in high-tech sectors such as IT, engineering, and healthcare.
The unique human skills held by individuals who innovate and take risks to pursue new business opportunities are known as
Which economic driver is most characteristic of a command economy compared to a market economy?
Which of the following explains the downward slope of the demand curve by the fact that consumers feel relatively 'richer' when the price of a product decreases?
Practice Economic drivers with authentic MYP MYP Individuals & Societies exam questions for both SL and HL students. This question bank mirrors Paper 1, 2, 3 structure, covering key topics like core principles, advanced applications, and practical problem-solving. Get instant solutions, detailed explanations, and build exam confidence with questions in the style of MYP examiners.
How do entrepreneurs typically react to a price signal indicating that buyers are willing and able to pay higher prices for a specific product?
Which of the following statements about consumers in a market economy is correct?
A manufacturer's decision to replace manual assembly lines with fully automated robotic systems is an attempt to answer which core economic question?
Which of the following is considered a key economic driver for development in developing countries?
How does the prospect of 'profit' serve as an economic driver for firms in a market economy?
While a country may have abundant natural resources (land), its economic growth depends heavily on how efficiently it uses those resources. This distinction is known as:
An increase in the availability of __________ can specifically drive growth in high-tech sectors such as IT, engineering, and healthcare.
The unique human skills held by individuals who innovate and take risks to pursue new business opportunities are known as
Which economic driver is most characteristic of a command economy compared to a market economy?
Which of the following explains the downward slope of the demand curve by the fact that consumers feel relatively 'richer' when the price of a product decreases?