Q1 MCQ Drill: 2019 Economics P1 (2019 NSC October/November National Examination)

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

11:00

7 multiple-choice questions taken verbatim from Section A of the official 2019 NSC October/November National Examination Economics Paper 1, 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 7 2 Marks

A period when there is a general increase in economic activities is known as a(n) …

A. downswing.

B. upswing.

C. depression.

D. recession.

Question 2 of 7 2 Marks

National income will increase when …

A. G + I + X > S + T + M.

B. G + I + X < S + T + M.

C. G + I + X = S + T + M.

D. S + T + M > G + I + X.

Question 3 of 7 2 Marks

Indicators that change at the same time and in the same direction as the economy changes are known as … indicators.

A. leading

B. lagging

C. composite

D. co-incident

Question 4 of 7 2 Marks

Where one country can produce goods or services cheaper than another country within a given time period it is called …

A. comparative advantage.

B. absolute advantage.

C. terms of trade.

D. free trade.

Question 5 of 7 2 Marks

Production, as an economic indicator, relates to …

A. foreign trade.

B. inflation.

C. money supply.

D. real GDP.

Question 6 of 7 2 Marks

The Department of Trade and Industry initiative that focuses on improving competitiveness in production is called the …

A. National Industrial Policy Framework.

B. National Research and Development Strategy.

C. Integrated Manufacturing Strategy.

D. Small Business Support Programme.

Question 7 of 7 2 Marks

The demand-side policy relates to …

A. a reduction in costs.

B. improving the efficiency of inputs.

C. the influence on inflation and unemployment.

D. improving the efficiency of markets.

Q1 MCQ Drill: 2019 Economics P1 (2019 NSC October/November National Examination)

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