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GRADE 8 - ECONOMIC AND MANAGEMENT SCIENCES Quiz (Term 1) Flashcards | StudBud
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GRADE 8 - ECONOMIC AND MANAGEMENT SCIENCES Quiz (Term 1)
GRADE 8 - ECONOMIC AND MANAGEMENT SCIENCES Quiz (Term 1)
50 terms
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1
VAT stands for Value Added Trains
False
True
2
The government is elected through a democratic voting process.
False
True
3
Wine is an example of sin taxes.
False
True
4
Rural society ia induatrialised and uses science and technology.
True
False
5
Why do we pay taxes?
To control inflation
To control unemployment
To raise money for government
To increase GDP
6
This kind of societies provide for their own needs.
Self sufficient societies
Modern societies
Lifestyle
Rural societies
7
Form of tax paid by businesses on the profits they earn
Personal income tax
Capital gain tax
Indirect tax
Company tax
8
What is a government ?
a single person who rules the whole country
A government is a group of people that have the power to rule in a country
none of the above
A person who rules the whole world
9
Which of these is NOT a government service?
parks
schools
libraries
music
10
Education and Health are an important national priorities.
False
True
11
One of the aim of government policies
Increase unemployment
Make inflation rate high
Increase pollution
Reduce poverty and reduce inequalities in income and wealth
12
The term ...... refers to how poorly or how well people live.
standard of living
redress
effective
unemployment
13
The state of being unemployed.
Skilled
Employment
Developed
Unemployment
14
The budget is read by the minister of Finance.
True
False
15
Increase in the capacity of an economy to produce goods and services.
Economic development
Economic growth
Growth
Investment
16
Unemployment causes a decrease in the standard of living.
True
False
17
Lifestyle is how I live in society and spend my money.
True
False
18
current rate of VAT in South Africa is ...
12%
15%
14%
13%
19
Who leads the Municipal Government?
Mayonnaise
The Mayor
Patrick Brown
The Minister
20
Households are ... because they sell their labour as a product to businesses
Foreign sector
Producers
Government
Banks
21
VAT is an example of indirect tax.
True
False
22
This branch of government enforces laws.
Executive
All of the above
Judicial
Legislative
23
Inequalities are redressed by paying more for education.
False
True
24
A gvernment's annual income, received from taxes.
Revenue
Tax
Expenses
Capital
25
water and energy environment promote an unhealthy environment.
False
True
26
Which items below are VAT exempt?
Brown bread and mealie meal
Softdrinks
Milk and Chocolates
All of the above
27
What are the 3 branches of government?
Legislative, Executive, Judicial
Executive, Congress, Judicial
Congress, Senate, Executive
Judicial, Executive, Senate
28
Advantage of ... societies was that they did not cause significant damage to the Earth.
Rural
Modern
Urban
Self sufficient
29
Who leads the Provincial Government?
The Principal
The Pr-minister
Doug Ford
The Premier
30
Division between the rich and the poor.
Economic inequalities
National budget
Expanding
Redress
31
The current president of South Africa is Mr Cyril Ramahlodi.
False
True
32
Disability grants are an example of social grants paid by the government.
True
False
33
Money spendt on education helps peope gai n skills.
False
True
34
The seat of the government and the office of the president is at Union building (Pretoria)
True
False
35
The executive branch consists of the ...
All of the above
Deputy president
Ministers
President
36
What are the three types of government ?
all of the above
state government
central government
Local government
37
Interaction between government and businesses
Firms employ workers household through factor market
Consumers buy goods and services from firms through product market
Households pay taxes to the goverment
Business pay tax to the government and Government suppies resourcea to them
38
... play an important role in protecting the poorest households against poverty.
Social grants
Transport
Security
inequality
39
The current minister of Finance in South Africa is Enos Godongwma.
False
True
40
Increase in population is good for our environment.
True
False
41
Minister of finance in South Africa is ...
Julius Malema
Pholi Boshielo
Enoch Godongwana
Cyril Ramaphosa
42
One of the functions of the local government is to manage local issues in towns or municipal areas.
True
False
43
Government buys factors of production from household.
False
True
44
Economic growth and economic developmemt rely on the following aspects which the National Budget provides.
Job creation
Service delivery
All of the above
Improved education and training
45
National budget aims to correct this imbalance with the following initiatives
Strengthening trade links with other countries
Regulating the environment
All of the above
Expanding infrastructure
46
Tax levied of tobacco and alcohol products to discourage people from using them.
Excise duty
Custom duties
Transport tax
Fuel tax
47
Modern societies main economic activities are in primary sector.
True
False
48
A system in government where all the people of the country can vote for who they want to be in Parliament.
Democracy
Apartheid
Inequality
Voting
49
... means to put right a wrong.
Regulate
Punish
Redress
Expand
50
Substantial rise in the general level of prices
employment
Unemployment
Inflation
Budget
