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All questions of Mixed Economic System for Grade 9 Exam
Which country demonstrates more centralized control in its mixed economic system?- a)United States
- b)China
- c)Germany
- d)Canada
Correct answer is option 'B'. Can you explain this answer?
a)
United States
b)
China
c)
Germany
d)
Canada
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Aurora Institute answered |
China exhibits more centralized control compared to the United States in its mixed economic system.
How does progressive taxation aid low-income households in a mixed economic system?- a)By reducing taxes for the wealthy
- b)By redistributing income to alleviate poverty
- c)By encouraging higher consumer spending
- d)By promoting technological advancements
Correct answer is option 'B'. Can you explain this answer?
a)
By reducing taxes for the wealthy
b)
By redistributing income to alleviate poverty
c)
By encouraging higher consumer spending
d)
By promoting technological advancements
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Prepworks Coaching answered |
Progressive taxation in a mixed economic system redistributes income from the wealthy to aid low-income households and alleviate poverty.
How does a mixed economic system promote equity among socio-economic groups?- a)By eliminating all forms of taxation
- b)By encouraging monopolies in industries
- c)Through income redistribution measures
- d)By limiting government involvement
Correct answer is option 'C'. Can you explain this answer?
a)
By eliminating all forms of taxation
b)
By encouraging monopolies in industries
c)
Through income redistribution measures
d)
By limiting government involvement
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|
Prepworks Coaching answered |
Equity among socio-economic groups in a mixed economic system is promoted through income redistribution measures like progressive taxation.
What distinguishes the economic direction of a nation in a mixed economic system?- a)Minimal government intervention
- b)Greater government involvement
- c)Complete reliance on market forces
- d)Absence of any economic policies
Correct answer is option 'B'. Can you explain this answer?
a)
Minimal government intervention
b)
Greater government involvement
c)
Complete reliance on market forces
d)
Absence of any economic policies
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Prepworks Coaching answered |
The extent of government involvement significantly influences the economic direction of a nation in a mixed economic system.
What role does government intervention play in supporting industries?- a)It discourages competition among industries
- b)It regulates all aspects of industrial production
- c)It supports key sectors to enhance competitiveness
- d)It eliminates all private businesses
Correct answer is option 'C'. Can you explain this answer?
a)
It discourages competition among industries
b)
It regulates all aspects of industrial production
c)
It supports key sectors to enhance competitiveness
d)
It eliminates all private businesses
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Prepworks Coaching answered |
Governments may support key industries in a mixed economic system to enhance their competitiveness in the global market.
Why do most countries worldwide operate as mixed economic systems?- a)To eliminate all private ownership
- b)To promote technological monopolies
- c)To combine benefits of market and planned economies
- d)To discourage international trade
Correct answer is option 'C'. Can you explain this answer?
a)
To eliminate all private ownership
b)
To promote technological monopolies
c)
To combine benefits of market and planned economies
d)
To discourage international trade
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|
Prepworks Coaching answered |
Most countries operate as mixed economic systems to combine the benefits of both market and planned economies, balancing individual freedom and government intervention.
What distinguishes a mixed economic system from other economic systems?- a)Government ownership of all resources
- b)Complete reliance on market forces
- c)Combination of market and planned economies
- d)Absence of any government intervention
Correct answer is option 'C'. Can you explain this answer?
a)
Government ownership of all resources
b)
Complete reliance on market forces
c)
Combination of market and planned economies
d)
Absence of any government intervention
|
|
Aurora Institute answered |
A mixed economic system combines elements of both market and planned economies, where resources are owned and managed by individuals, businesses, and the government collectively.
Why might a government intervene in a mixed economic system?- a)To eliminate all market inefficiencies
- b)To address market failures and promote equity
- c)To privatize all industries for efficiency
- d)To discourage technological advancements
Correct answer is option 'B'. Can you explain this answer?
a)
To eliminate all market inefficiencies
b)
To address market failures and promote equity
c)
To privatize all industries for efficiency
d)
To discourage technological advancements
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Aurora Institute answered |
Government intervention in a mixed economic system is primarily to address market failures such as inefficient allocation of resources and to promote equity among different socio-economic groups.
How does a mixed economic system generate revenue for the government?- a)Through donations from private businesses
- b)Solely through income taxes on individuals
- c)Via various means including taxation and privatization
- d)By selling goods in international markets
Correct answer is option 'C'. Can you explain this answer?
a)
Through donations from private businesses
b)
Solely through income taxes on individuals
c)
Via various means including taxation and privatization
d)
By selling goods in international markets
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Tutorpedia Coaching answered |
Governments in mixed economic systems generate revenue through methods like taxation, privatization of state-owned enterprises, and sale of licenses.
What is a primary objective of government intervention in a mixed economic system?- a)To eliminate all private businesses
- b)To promote competition among industries
- c)To address market failures
- d)To encourage technological stagnation
Correct answer is option 'C'. Can you explain this answer?
a)
To eliminate all private businesses
b)
To promote competition among industries
c)
To address market failures
d)
To encourage technological stagnation
|
|
Aurora Institute answered |
Government intervention in a mixed economic system aims to address market failures such as inefficient allocation of resources.
Chapter doubts & questions for Mixed Economic System - Economics for Grade 9 2025 is part of Grade 9 exam preparation. The chapters have been prepared according to the Grade 9 exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for Grade 9 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.
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Economics for Grade 9
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