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- 1. Multiple Choice
Changes in technology will lead to a … business cycle.
demand-driven
supply-driven
political
inflation
- 2. Multiple Choice
Parastatals are business entities of a … sector.
commercial
private
public
sector
- 3. Multiple Choice
Taxes and subsidies are taken into account when calculating
GDP at basic prices
exports
commodities
production
imports
- 4. Multiple Choice
List any THREE examples of eco-tourism in South Africa.
forest
economy
bussiness cycle
- 5. Multiple Choice
List any THREE methods that can be used to promote import
substitution.
Gdp
market price
economy
subsidies
- 6. Multiple Choice
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
list TWO arguments in favour of free trade.
employment,tax
economy,subsidies
cycle,monopoly
choice,innovation
- 8. Multiple Choice
Give THREE reasons for the growth in international tourism
Increase in disposable income
Equal
Cheaper flights
Improvement in the tourism infrastructure
- 9. Multiple Choice
Deflation is defined as a decline in the …
price of certain products.
general price level.
.
gross domestic product
innovation
- 10. Multiple Choice
Discuss the trend line in the forecasting of business cycles.
A fall in bussiness cycle
rise in income
fall in taxes
fall in gdp
- 11. Multiple Choice
South Africa benefits directly from tourism because of the increase
in tourist …
benefit
taxation
income
expenditure
- 12. Multiple Choice
A major task of the Department of Trade and Industry is to
encourage … exports
VAT
AGRICULTURE
INDUSTRIES
SOCIAL COST
- 13. Multiple Choice
TERM 3 TOPIC IN GR 11
MONOPOLY
OLIGOPOLY
FOREIGN SECTOR
MONEY
- 14. Multiple Choice
A FULL LARGE MARKET
MONOPOLY
OLIGOPOLY
MONEY
PERFECT
- 15. Multiple Choice
MONOPOLY REFERS TO
ONE
MANY
FEW
HUGE
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