Practice Economic interdependence 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.
Which of the following is the best definition of economic growth?
In the 'Chain Reaction' of a recession described in the text, what is the immediate result of households becoming pessimistic and increasing their savings?
The circular flow model is a simplification that often excludes details such as __________, differences across industries, and environmental impacts.
Based on the circular flow model, what happens to national income when total leakages () are greater than total injections ()?
In the circular flow of income, __________ increase total spending through firm expenditures on capital goods, often funded by borrowing.
Higher export demand can act as a catalyst for economic development by encouraging __________ and the growth of related support industries.
In the circular flow of income, households receive __________ from firms in exchange for providing labour, land, and capital.
If a country's currency undergoes appreciation (increases in value relative to others), what is the most likely immediate effect on its trade position?
Which of the following best explains why saving is considered a leakage from the circular flow of income?
A currency depreciation can support economic growth (GDP) primarily when it leads to which of the following outcomes?
Practice Economic interdependence 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.
Which of the following is the best definition of economic growth?
In the 'Chain Reaction' of a recession described in the text, what is the immediate result of households becoming pessimistic and increasing their savings?
The circular flow model is a simplification that often excludes details such as __________, differences across industries, and environmental impacts.
Based on the circular flow model, what happens to national income when total leakages () are greater than total injections ()?
In the circular flow of income, __________ increase total spending through firm expenditures on capital goods, often funded by borrowing.
Higher export demand can act as a catalyst for economic development by encouraging __________ and the growth of related support industries.
In the circular flow of income, households receive __________ from firms in exchange for providing labour, land, and capital.
If a country's currency undergoes appreciation (increases in value relative to others), what is the most likely immediate effect on its trade position?
Which of the following best explains why saving is considered a leakage from the circular flow of income?
A currency depreciation can support economic growth (GDP) primarily when it leads to which of the following outcomes?