Q1 MCQ Drill: 2024 Economics P2 (2024 September Provincial Preparatory (Trial) Examination)

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

9:00

6 multiple-choice questions taken verbatim from Section A of the official 2024 September Provincial Preparatory (Trial) 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 6 2 Marks

A state where all other factor inputs remain unchanged is known as the ... rule.

A. real prices

B. ceteris paribus

C. nominal prices

D. market forces

Question 2 of 6 2 Marks

A monopolist will fix the price … of the demand curve.

A. at the midpoint

B. above the midpoint

C. below the midpoint

D. at the endpoint

Question 3 of 6 2 Marks

A market that is dominated by two firms:

A. Monopolistic competition

B. Monopoly

C. Oligopoly

D. Duopoly

Question 4 of 6 2 Marks

Profit maximisation is where the vertical distance between … and TC is the biggest.

A. TFC

B. TVC

C. MC

D. TR

Question 5 of 6 2 Marks

4 ECONOMICS P2 (EC/SEPTEMBER 2024) Internet facilities needed by tourists are called … infrastructure.

A. transport

B. energy

C. communication

D. bridges

Question 6 of 6 2 Marks

4 ECONOMICS P2 (EC/SEPTEMBER 2024) An international agreement to manage nuclear waste.

A. Basel Convention

B. Kyoto Protocol

C. Paris Agreement

D. Stokholm Protocol

Q1 MCQ Drill: 2024 Economics P2 (2024 September Provincial Preparatory (Trial) Examination)

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