Q1 MCQ Drill: 2025 Economics P2 (2025 September Provincial Preparatory (Trial) 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 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 8 2 Marks

The revenue derived from the sale of one additional unit of a product is called … revenue.

A. maximum

B. average

C. marginal

D. total

Question 2 of 8 2 Marks

Mechanism that brings together buyers and sellers of goods and services:

A. Market

B. Market failure

C. Efficiency

D. Tourism

Question 3 of 8 2 Marks

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

A. TFC

B. TVC

C. MC

D. TR

Question 4 of 8 2 Marks

A market intervention that reduces the cost of production for the producers is known as a …

A. tariff.

B. taxation.

C. transfer.

D. subsidy.

Question 5 of 8 2 Marks

The CPIX index is the inflation rate that excludes interest rates on … bonds.

A. municipal

B. government

C. mortgage

D. treasury

Question 6 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P2 (EC/SEPTEMBER 2025) A place listed by the UNESCO as having special cultural or physical importance is called a …

A. Department of Tourism.

B. World Heritage Site.

C. Superior structure.

D. World Bank.

Question 7 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P2 (EC/SEPTEMBER 2025) The constant decrease in the general price level is called …

A. deflation.

B. interest rate.

C. hyperinflation.

D. core inflation.

Question 8 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P2 (EC/SEPTEMBER 2025) A South African who travels to France to watch the Rugby World Cup is an example of a/an … tourist.

A. medical

B. business

C. outbound

D. inbound

Q1 MCQ Drill: 2025 Economics P2 (2025 September Provincial Preparatory (Trial) Examination)

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