Scribd
Upload
36 views5 pages

HOliday HW For Grade 9

The document is a holiday homework assignment for Grade 9 Economics students, covering topics such as market systems, mixed economies, and market failures. It includes multiple choice questions, short answer questions, data response questions, and an extended response section. The assignment aims to assess students' understanding of economic concepts and their application to real-world scenarios.

Uploaded by

Jayathi Devireddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
36 views5 pages

HOliday HW For Grade 9

The document is a holiday homework assignment for Grade 9 Economics students, covering topics such as market systems, mixed economies, and market failures. It includes multiple choice questions, short answer questions, data response questions, and an extended response section. The assignment aims to assess students' understanding of economic concepts and their application to real-world scenarios.

Uploaded by

Jayathi Devireddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Cambridge Assessment International Education

Holiday Homework - 2024-25

Name of the Student: Subject: Economics

Grade/Section: Grade 9 Date:

MARKET SYSTEM

Section A: Multiple Choice Questions (1 mark each)

1. In a market economy, resources are primarily allocated by: a. Government decisions


b. Supply and demand
c. Central planning
d. International trade
2. The law of demand states that: a. Price and quantity demanded are directly related
b. Price and quantity demanded are inversely related
c. Supply will always equal demand
d. All goods are normal goods
3. Which of the following factors can cause a shift in the demand curve? a. A change in
the price of the good
b. A change in consumer income
c. A change in production costs
d. A change in technology
4. If the price of a substitute good increases, the demand for the original good is likely
to: a. Decrease
b. Increase
c. Stay the same
d. Become perfectly elastic

Section B: Short Answer Questions (2 marks each)

5. Define the term "market equilibrium."

6. What is the difference between a movement along the demand curve and a shift of the
demand curve?

7. Explain how consumer preferences can affect demand in a market system.

Section C: Data Response Questions (4 marks each)


Cambridge Assessment International Education
Holiday Homework - 2024-25

Name of the Student: Subject: Economics

Grade/Section: Grade 9 Date:

Read the following data and answer the questions.

Data: In a city, the demand for public transport increases due to a rise in petrol prices. As a
result, the local government decides to invest more in public transport infrastructure.

8. Analyze how the increase in demand for public transport could affect prices and
quantity supplied.

9. Discuss the potential effects of the government's investment in public transport on the
overall market for transportation services.

MIXED ECONOMY SYSTEM

Section A: Multiple Choice Questions (1 mark each)

1. A mixed economy is characterized by: a. Only private ownership of resources


b. Only government ownership of resources
c. Both private and government ownership of resources
d. No market transactions
2. Which of the following is a primary advantage of a mixed economy? a. Total
government control
b. Greater economic equality
c. Balance between freedom and government intervention
d. Elimination of all market failures
3. In a mixed economy, the role of the government typically includes: a. Setting prices
for all goods
b. Protecting property rights and enforcing contracts
c. Completely controlling production
d. Eliminating all competition
4. Which of the following best describes the primary function of private enterprises in a
mixed economy? a. To ensure equity
b. To produce goods and services for profit
c. To manage public resources
d. To regulate the economy

Section B: Short Answer Questions (2 marks each)

5. Define a mixed economy.


Cambridge Assessment International Education
Holiday Homework - 2024-25

Name of the Student: Subject: Economics

Grade/Section: Grade 9 Date:

6. List two advantages and two disadvantages of a mixed economy.

7. Explain how government intervention can help correct market failures in a mixed
economy.

Section C: Data Response Questions (4 marks each)

Read the following data and answer the questions.

Data: In Country Z, the government regulates essential services such as healthcare and
education while allowing free market principles to operate in most other sectors.

8. Analyze how the balance between government regulation and free market principles
can benefit consumers in Country Z.

9. Discuss the potential challenges that Country Z might face in maintaining a mixed
economy.

Section D: Extended Response (8 marks)

10. Evaluate the effectiveness of a mixed economy in achieving economic growth and
social welfare. Consider both the positive and negative aspects in your response.

MARKET FAILURE

Section A: Multiple Choice Questions (1 mark each)

1. Market failure occurs when: a. Resources are allocated efficiently


b. The free market system operates without government intervention
c. The allocation of resources leads to a net loss of economic welfare
d. All goods are provided by the government
2. Which of the following is a common cause of market failure? a. Perfect competition
b. Public goods
Cambridge Assessment International Education
Holiday Homework - 2024-25

Name of the Student: Subject: Economics

Grade/Section: Grade 9 Date:

c. High consumer demand


d. Efficient allocation of resources
3. Which of the following best describes a public good? a. A good that is rival and
excludable
b. A good that is non-rival and non-excludable
c. A good that is produced only by the government
d. A good that is only available in limited quantities
4. The presence of externalities means: a. The price mechanism functions perfectly
b. The social cost or benefit of a transaction is not reflected in the market price
c. All firms operate at maximum efficiency
d. There are no public goods in the economy

Section B: Short Answer Questions (2 marks each)

5. Define market failure.

6. List two examples of negative externalities and explain their effects.

7. Explain the concept of a public good and give one example.

Section C: Data Response Questions (4 marks each)

Read the following data and answer the questions.

Data: In City A, heavy traffic congestion has led to increased air pollution. The government
has decided to implement a congestion charge to reduce traffic and improve air quality.

8. Analyze how the congestion charge could address the market failure associated with
traffic congestion and air pollution.

9. Discuss the potential advantages and disadvantages of using a congestion charge as a


solution to this market failure.
Cambridge Assessment International Education
Holiday Homework - 2024-25

Name of the Student: Subject: Economics

Grade/Section: Grade 9 Date:

Section D: Extended Response (8 marks)

10. Evaluate the effectiveness of government intervention in correcting market failures.


Discuss both the benefits and potential drawbacks of such interventions in your
response.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy