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Duplicate of Economics P1 and P2 grade 11 Makgongoana High School Flashcards | StudBud
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Duplicate of Economics P1 and P2 grade 11 Makgongoana High School
Duplicate of Economics P1 and P2 grade 11 Makgongoana High School
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1
The bus rapid transport system(BRT) is one aspect of government efforts to improve national......systems.
Transport
Financial
Energy
Communication
2
When capital stock is increased at the same rate as the increase in labour, it is called...
Capital deepening
Interest
Capital widening
Gross value added
3
Another concept for Gross Domestic Product is.....
Gross Domestic Product
Value Added Tax
Gross Value Added
Gross National Product
4
The method of calculating GDP where by factor incomes of households are added is the...... method
Consumption
Productive
Income
Expenditure
5
Workers that are.... have a low level of schooling, so they have no specialized knowledge.
Semi skilled
Unemployed
Experienced
Unskilled
6
Economic activities that can't return to nature what they have taken from it is...
Capital
Services
Secondary sector
Exploitative operations
7
The method of calculating GDP whereby factor incomes of households are added is the ... method.
Income
Consumption
Expenditure
Productive
8
Tree is an example of renewable resources
True
False
9
The main contributor in the secondary sector
Planning
Value added tax
Capital interest
Manufacturing
10
Mixed economy is a blend of market and centrally planned economy
True
False
11
Infrastructure includes the following except .......
Transport
Communication
Cormmecial
Technology
12
This factor of production cannot be stored
Land
Capital
Labour
Entrepreneurship
13
Communication is another kind of infrastructure
True
False
14
A natural resource that cannot be produced, grown or generated is ..... resource.
Renewable
Human
Non-renewable
Financial
15
Workers that are ....... have a low level of schooling, so they have no specialized knowledge.
Unemployed
Unskilled
Experienced
Semi skilled
16
Account for the largest part of total expenditure in the economy.
Households
Storage
Primary
Gross domestic products
17
The sector facilitating the floor of goods and services from producers to consumers is called the .......sector
Non of the above
Secondary
Primary
Tertiary
18
A natural resource that cannot be produced, grown or generated is a ..... resource.
Human
Non-renewable
Renewable
Financial
19
An economy where resources are allocated by government is known as a ........ economy.
Centrally planned
Market
Interest
Mixed
20
..... operations or activities, such as farming and forestry are, can return to nature to what has been taken from it
Genetic
Exploitating
Illegal
Productive
21
Construction is classified under....sector
Secondary
Primary
Services
Tertiary
22
A factor that cannot be separated from its owner is..
Land
Capital
Labour
Technology
23
Land is a factor of production that cannot be stored
False
True
24
Economically marginalized groups includes.....
Women and physically challenged persons
Capital deepening
Tearchers and nurses
Blacks and whites
25
Records that are kept in the macro-economics of a country's total production, income and expenditure are called...
Capital
Balance of payment
National
Financial
26
... facilities insures that consumer goods are available whenever the consumer needs them.
Transport
Production
Sports
Storage
27
The income method is a method of determining GDP.
False
True
28
.... is the economic system where profit maximization is not entertained.
Command economy
Tertiary sector
Centrally planned
Mixed economy
29
..... facilities show that consumer goods are available whenever the consumer needs them
Storage
Production
Transport
Sport
30
Stock of a country's production resources is above the size of labour force
Nominal
Mixed economy
Expedinture
Capital depening
31
... operations or activities, such as farming and forestry, can return to nature what has been taken from it
Productive
Genetic
Illegal
Exploitative
32
A system that uses both the market forces and central planning to allocate resources is..
Mixed economy
Technology
Indirect tax
Informal
33
Milk can be classified as a.... good.
None of the above
Durable
Semi-durable
Non-durable
34
The economic system which is used in South Africa is the ...... economy
Market
Non-mixed
Centrally planned
Mixed
35
The value of final goods at prices paid by consumers is...
Central planned
Income
Market price
Free market