Q1 MCQ Drill: 2019 Economics P1 (2019 NSC May/June Mid-Year 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 2019 NSC May/June Mid-Year 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 8 2 Marks

Labour can be bought and sold in the … market.

A. goods

B. factor

C. financial

D. consumer

Question 2 of 8 2 Marks

Comparative cost advantage shows that world output can increase if countries … in what they do best.

A. impose tariffs

B. limit the use of technology

C. specialise

D. protect workers

Question 3 of 8 2 Marks

The medium-term expenditure framework (MTEF) is a …-year government expenditure and revenue projection.

A. three

B. one

C. two

D. four

Question 4 of 8 2 Marks

The peak of a business cycle is characterised by a …

A. high demand for credit.

B. stable inflation rate.

C. high unemployment rate.

D. low output.

Question 5 of 8 2 Marks

An increase in the productive capacity of the economy over a specific period of time is called …

A. contraction.

B. economic development.

C. economic growth.

D. globalisation.

Question 6 of 8 2 Marks

Cost-sharing grants by government to improve roads is called the … Programme.

A. Expanded Public Works

B. Critical Infrastructure

C. Small Business Support

D. Skills Development

Question 7 of 8 2 Marks

An example of an economic indicator is …

A. sanitation.

B. population growth.

C. life expectancy.

D. production price index.

Question 8 of 8 2 Marks

Social grants to the citizens of South Africa forms part of the … policy.

A. monetary

B. trade

C. growth

D. fiscal

Q1 MCQ Drill: 2019 Economics P1 (2019 NSC May/June Mid-Year Examination)

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