Q1 MCQ Drill: 2020 Economics P2 (2020 NSC October/November National Examination)

Economics Past Paper Question 1 Drill Level 1: Knowledge & Recall

12:00

8 multiple-choice questions taken verbatim from Section A of the official 2020 NSC October/November National Examination Economics Paper 2, auto-marked against the official marking guideline. Questions that rely on diagrams or graphs are excluded - see the full paper for those.

Question 1 of 8 2 Marks

The government can intervene to reduce the production and consumption of a demerit good …

A. by using excise tax.

B. through public-sector provisioning.

C. by granting subsidies.

D. by implementing a progressive system of taxation.

Question 2 of 8 2 Marks

Advertising and branding play a key role in a/an … market.

A. monopoly

B. formal

C. oligopoly

D. monopolistic competitive

Question 3 of 8 2 Marks

In a perfect market, normal profit is also known as the … point.

A. minimum

B. break-even

C. maximum

D. zero

Question 4 of 8 2 Marks

Social costs consist of the sum of private and … costs.

A. internal

B. public

C. external

D. variable

Question 5 of 8 2 Marks

Development in media technology is important for tourism as part of the … infrastructure.

A. transport

B. communication

C. energy

D. basic service

Question 6 of 8 2 Marks

When a country experiences high inflation, high unemployment and low economic growth, it is called …

A. disinflation.

B. deflation.

C. inflation target.

D. stagflation.

Question 7 of 8 2 Marks

Which ONE of the following is a fiscal measure to combat inflation?

A. A decrease in direct taxation

B. An increase in productivity

C. A decrease in government expenditure

D. Increased import control

Question 8 of 8 2 Marks

The development of environmentally friendly technology refers to … measures to ensure sustainability.

A. market-related

B. international

C. voluntary

D. government

Q1 MCQ Drill: 2020 Economics P2 (2020 NSC October/November National Examination)

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