Have an account?
the government is responsible for ...sector provision
The total remuneration that the owners of production factors receive is called national...
The exchange rate system used by South Africa is called the..exchange rate system
An indication of long-term growth in the economy is referred to as the.........
The number of years that a new-born baby is likely to live is known a.......
Households in South Africa spend most of their income on ..
The equilibrium price is always determined by the...
buyers and sellers together
Inflation is known as:
a decrease in the price of goods and services.
an increase in the price of good and services.
a decision making strategy
a step in the decision making process.
In the case of supply, as price increases
the quantity supplied decrease
the quantity supplied increases.
the quantity supplied stays the same.
the quantity supplied decreases then increases.
Economic demand for a product refers to how much of the product........
is available for purchase from business at each price
people are willing and able to buy at each price
people want, whether they can buy it or not
consumers can afford it
Which of the following is NOT a characteristic
of natural resources?
They have an unlimited supply.
They are unevenly distributed
They need to be processed before they have a use
They are equally distributed.
Banking and financial services are examples of
... economic activity.
Interest is the remuneration for which factor
The cost per unit of production is the ... cost.
Which method is being used to calculate GDP?
Value added method