Q1 MCQ Drill: 2019 Economics P2 (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 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

An individual firm under perfect competition has a … demand curve.

A. perfectly elastic

B. perfectly inelastic

C. relatively elastic

D. relatively inelastic

Question 2 of 8 2 Marks

An example of monopolistic competition in South Africa is …

A. the banking sector.

B. car manufacturers.

C. fast-food outlets.

D. Eskom.

Question 3 of 8 2 Marks

The effect of a minimum price will increase the … goods.

A. demand for

B. supply of

C. consumption of

D. spending on

Question 4 of 8 2 Marks

An imperfect market will maximise its revenue where marginal revenue is …

A. equal to 1.

B. greater than 0.

C. smaller than 0.

D. equal to 0.

Question 5 of 8 2 Marks

Cost-push inflation can be caused by ...

A. lower wages.

B. a decrease in input costs.

C. exchange rate depreciation.

D. increase in productivity.

Question 6 of 8 2 Marks

The United Nations Conference on Sustainable Development agreed to focus on …

A. preventing soil erosion.

B. a green economy.

C. non-renewable energy.

D. reducing population growth.

Question 7 of 8 2 Marks

Foreigners coming into the country from other countries are regarded as … tourists.

A. inbound

B. outbound

C. domestic

D. local

Question 8 of 8 2 Marks

A non-renewable energy resource is …

A. wind.

B. currents.

C. coal.

D. sunlight.

Q1 MCQ Drill: 2019 Economics P2 (2019 NSC May/June Mid-Year Examination)

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