Q1 MCQ Drill: 2018 Economics P2 (2018 NSC May/June Mid-Year 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 2018 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 7 2 Marks

The supply curve for the individual firm under perfect conditions is … sloped.

A. negatively

B. positively

C. horizontally

D. vertically

Question 2 of 7 2 Marks

An industry with only two producers controlling the market is known as a/an …

A. duopoly.

B. monopoly.

C. oligopoly.

D. tripoly.

Question 3 of 7 2 Marks

Public goods are provided and funded by …

A. markets.

B. factories.

C. governments.

D. companies.

Question 4 of 7 2 Marks

The government can introduce … to increase the mobility of labour.

A. taxes

B. poverty

C. inflation

D. training programmes

Question 5 of 7 2 Marks

People travelling to South Africa from other countries are known as … tourists.

A. inbound

B. influx

C. internal

D. outbound

Question 6 of 7 2 Marks

Global warming is caused by the release of … into the atmosphere.

A. oxygen

B. carbon dioxide

C. hot air

D. cold air

Question 7 of 7 2 Marks

The institution that publishes the consumer price index on a monthly basis is …

A. the Department of Finance.

B. the Department of Tourism.

C. the South African Revenue Services.

D. Statistics South Africa.

Q1 MCQ Drill: 2018 Economics P2 (2018 NSC May/June Mid-Year Examination)

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