#1
Which of the following is a socioeconomic challenge?
Climate change
ExplanationClimate change poses significant social and economic challenges globally.
#2
What is the primary goal of government responses to socioeconomic challenges?
To alleviate the challenges
ExplanationGovernment responses aim to mitigate the adverse effects of socioeconomic challenges.
#3
Which economic concept refers to the total value of goods and services produced in a country within a specific time period?
Gross Domestic Product (GDP)
ExplanationGross Domestic Product (GDP) measures the total monetary value of all goods and services produced within a country's borders during a specific period, typically annually or quarterly.
#4
Which of the following is a common government response to unemployment?
Implementing job training programs
ExplanationJob training programs are often implemented to reduce unemployment rates by enhancing workforce skills.
#5
What is meant by the term 'income inequality'?
The unequal distribution of wealth among individuals
ExplanationIncome inequality refers to the disproportionate distribution of financial resources among the population.
#6
What is a common consequence of poverty on children's education?
Limited access to educational resources
ExplanationPoverty often restricts children's access to quality education, resulting in limited resources and opportunities.
#7
Which economic theory advocates for government intervention during economic downturns?
Keynesian economics
ExplanationKeynesian economics suggests government intervention in the economy, particularly during periods of recession, to stimulate demand.
#8
What is the role of taxation in addressing socioeconomic challenges?
To fund government programs aimed at reducing inequality
ExplanationTaxation serves to finance social programs and initiatives aimed at reducing socioeconomic disparities.
#9
Which of the following is a potential consequence of income inequality?
Economic instability
ExplanationIncome inequality can lead to economic instability due to reduced consumer spending, increased debt, and social unrest.