Q1 MCQ Drill: 2025 Economics P2 (2025 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 2025 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 costs that will always decrease when production increases, is referred to as … cost.

A. average

B. average variable

C. total

D. average fixed

Question 2 of 8 2 Marks

The demand curve of a monopolistic competitor is …

A. relatively elastic.

B. relatively inelastic.

C. perfectly elastic.

D. perfectly inelastic.

Question 3 of 8 2 Marks

The price that is set by the government above the equilibrium price to allow producers to make a fair profit is called ...

A. market price.

B. selling price.

C. maximum price.

D. minimum price.

Question 4 of 8 2 Marks

Failure by businesses to produce goods and services at the lowest possible average cost is called … inefficiency.

A. allocative

B. market

C. productive

D. distributive

Question 5 of 8 2 Marks

When the general price level increases, the real value of savings will …

A. rise.

B. decline.

C. remain the same.

D. increase.

Question 6 of 8 2 Marks

The activities of people visiting places for meetings and conferences is known as … tourism.

A. paleo

B. business

C. leisure

D. eco-

Question 7 of 8 2 Marks

Internet facilities needed by tourists is called … infrastructure.

A. transport

B. energy

C. communication

D. basic services

Question 8 of 8 2 Marks

The process of converting waste material into economic goods is known as …

A. recycling.

B. re-using.

C. littering.

D. resourcing.

Q1 MCQ Drill: 2025 Economics P2 (2025 NSC October/November National Examination)

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