Practice Economic systems 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.
Scarcity is a fundamental economic problem because while the resources used for production are finite, human needs and wants are ___________.
Who held the primary control over land in the feudal economic systems of Medieval Europe, Japan, and Russia?
Slavery is described as an economic system where individuals are compelled to work through __________ to achieve goals like crop production or construction.
In the talent show analogy for a market economy, what does the 'audience response' represent?
According to the theories of Karl Marx and Friedrich Engels, why would the internal forces of capitalism eventually lead to its collapse?
The transition toward capitalist systems was historically linked to political revolutions that primarily challenged:
When an economy determines which specific members of society receive the finished products and on what basis, it is answering the question of:
In a command economy, the government manages the ___________ of resources by deciding which specific sectors or projects will receive materials and funding.
Which of the following statements best describes a mixed economy?
In the transition from feudalism to capitalism, the focus of ownership shifted from land and hereditary titles to __________.
Practice Economic systems 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.
Scarcity is a fundamental economic problem because while the resources used for production are finite, human needs and wants are ___________.
Who held the primary control over land in the feudal economic systems of Medieval Europe, Japan, and Russia?
Slavery is described as an economic system where individuals are compelled to work through __________ to achieve goals like crop production or construction.
In the talent show analogy for a market economy, what does the 'audience response' represent?
According to the theories of Karl Marx and Friedrich Engels, why would the internal forces of capitalism eventually lead to its collapse?
The transition toward capitalist systems was historically linked to political revolutions that primarily challenged:
When an economy determines which specific members of society receive the finished products and on what basis, it is answering the question of:
In a command economy, the government manages the ___________ of resources by deciding which specific sectors or projects will receive materials and funding.
Which of the following statements best describes a mixed economy?
In the transition from feudalism to capitalism, the focus of ownership shifted from land and hereditary titles to __________.