Q1 MCQ Drill: 2026 Economics P2 (2026 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 2026 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 actual expenditure of a business, such as wages and rent, is known as … cost.

A. implicit

B. marginal

C. external

D. explicit

Question 2 of 7 2 Marks

When a group of businesses work together with the aim of fixing prices, it is known as …

A. tacit collusion.

B. price leadership.

C. informal collusion.

D. overt collusion.

Question 3 of 7 2 Marks

The cost to the third party, which is not included in the market price, is known as a/an … cost.

A. internal

B. external

C. social

D. private

Question 4 of 7 2 Marks

A rapid increase in the general price level that is more than 50% per month is referred to as …

A. core inflation.

B. bracket creep.

C. hyperinflation.

D. disinflation.

Question 5 of 7 2 Marks

The activity of tourists who visit a country to receive healthcare services is known as … tourism.

A. medical

B. adventure

C. cultural

D. paleo-

Question 6 of 7 2 Marks

An example of communication infrastructure that promotes tourism is ...

A. transport.

B. energy.

C. internet facilities.

D. railway lines.

Question 7 of 7 2 Marks

Arrangements between the government and businesses to reduce pollution without imposing laws and regulations, are known as ...

A. property rights.

B. voluntary agreements.

C. marketable permits.

D. environmental taxes.

Q1 MCQ Drill: 2026 Economics P2 (2026 NSC May/June Mid-Year Examination)

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