EMS Grade 8 Question Preview (ID: 42560)


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what is an example of factor of production that is use in the production of goods and services
a) Price
b) costs
c) goods
d) resources

What is not a factor of production
a) Land
b) currency
c) Capital
d) labour

The amount of goods or services a consumer is willing to buy at a certain price is called
a) discount
b) supply
c) demand
d) surplus

The board of a private company must consist of at least ... director
a) 5
b) 3
c) 2
d) 1

Large public corporations in the public sector are known as
a) corporates
b) non-profit companies
c) public companies
d) Parastatals

If the Rand /US dollar exchange rate changes from R13.00 to R13,50 to the dollar then
a) imports will increase
b) exports to US will increase
c) exports to US will decrease
d) The number of American tourists will decrease to South AFrica

The public Sector in SA has how many levels
a) 3
b) 5
c) 2 4
d)

The Consumer Price Index (CPI) is
a) a measurement of the value of a section of the stock market
b) a measure that examines the weighted average of the price of a basket of consumer goods and services
c) An indicator of referring to a statistical measure of change in the securities market
d) a fund with a portfolio constructed to match or track the components of a market index

What is a mix economic system
a) Reflects characteristics of captialism
b) Reflects characteristics of socialism
c) Share production between private and public sector
d) does not share production between private and public sector

True of false - Capital goods are not tangible assets
a) True
b) False
c) No
d) Maybe

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