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Economics Past Paper Question 1 Drill Level 1: Knowledge & Recall
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Q1 MCQ Drill: 2022 Economics P1 (2022 NSC May/June Mid-Year Examination)

8 multiple-choice questions taken verbatim from Section A of the official 2022 NSC May/June Mid-Year Examination Economics Paper 1, 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

A country that can produce a product at lower opportunity cost than other countries has …

Official Marking Guideline Rationale:
Correct Answer: C. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → C (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.1)
Question 2 of 8 2 Marks

The inverse relationship between inflation and unemployment is best illustrated by the … curve.

Official Marking Guideline Rationale:
Correct Answer: D. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → D (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.2)
Question 3 of 8 2 Marks

South African defence services are controlled by the … government.

Official Marking Guideline Rationale:
Correct Answer: A. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → A (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.3)
Question 4 of 8 2 Marks

The owners of factors of production in the circular-flow model is/are the …

Official Marking Guideline Rationale:
Correct Answer: B. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → B (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.4)
Question 5 of 8 2 Marks

An economic integration that allows free movement of labour, capital and money between member countries is known as a/an …

Official Marking Guideline Rationale:
Correct Answer: D. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → D (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.5)
Question 6 of 8 2 Marks

The production of goods in large quantities, normally done by countries in the Northern Hemisphere, is known as …

Official Marking Guideline Rationale:
Correct Answer: B. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → B (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.6)
Question 7 of 8 2 Marks

Spatial development initiatives that attract infrastructure and investments to neglected areas are driven by the Department of …

Official Marking Guideline Rationale:
Correct Answer: C. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → C (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.7)
Question 8 of 8 2 Marks

An economic indicator that relates to productivity is known as …

Official Marking Guideline Rationale:
Correct Answer: A. Correct - matches the official DBE marking guideline.
Marking Criteria:
• Official marking guideline answer (2 marks) → A (2022 NSC May/June Mid-Year Examination - Economics Paper 1, Question 1.1.8)
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