Comparing the Resilience of Different Economic Systems to Economic Shocks
Description: This quiz is designed to assess your understanding of the resilience of different economic systems to economic shocks. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economics economic systems economic shocks resilience |
Which economic system is generally considered to be the most resilient to economic shocks?
What is the main reason why capitalism is considered to be less resilient to economic shocks than other economic systems?
How does government intervention help to make a mixed economy more resilient to economic shocks?
Which of the following is an example of a government intervention that can help to make an economy more resilient to economic shocks?
What is the main reason why socialism is considered to be less resilient to economic shocks than other economic systems?
How does private ownership of property help to make capitalism more resilient to economic shocks?
Which of the following is an example of a private ownership of property that can help to make an economy more resilient to economic shocks?
What is the main reason why command economies are considered to be the least resilient to economic shocks?
How does emphasis on central planning make command economies less resilient to economic shocks?
Which of the following is an example of a policy that can help to make a command economy more resilient to economic shocks?
What is the main reason why mixed economies are considered to be more resilient to economic shocks than pure capitalism or pure socialism?
How does greater economic diversity help to make mixed economies more resilient to economic shocks?
Which of the following is an example of a policy that can help to promote greater economic diversity in a mixed economy?
What is the main reason why economic shocks can have a devastating impact on developing countries?
How can developing countries reduce their vulnerability to economic shocks?