economics
Quiz
•
Business
•
11th Grade
•
Hard
Used 49+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes in technology will lead to a … business cycle.
demand-driven
supply-driven
political
inflation
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Parastatals are business entities of a … sector.
commercial
private
public
sector
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Taxes and subsidies are taken into account when calculating
GDP at basic prices
exports
commodities
production
imports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
List any THREE examples of eco-tourism in South Africa.
forest
economy
bussiness cycle
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
List any THREE methods that can be used to promote import
substitution.
Gdp
market price
economy
subsidies
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
List THREE ways in which the government can use tax revenue to
reduce the unequal distribution of income.
low income
regulation
money market
Transferring income directly to poor households e.g. grants old age
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
list TWO arguments in favour of free trade.
employment,tax
economy,subsidies
cycle,monopoly
choice,innovation
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