Term 3 Test
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Questions and Answers

What was the primary means of exchange in early societies before the advent of money?

  • Manufacturing
  • Taxation
  • Bartering (correct)
  • Specialization of Labor

What led to the establishment of structured communities and leadership hierarchies in early societies?

  • Self-sufficiency and Bartering
  • Accumulation of Wealth and Power (correct)
  • Manufacturing Development
  • Language Skills and Learning

What was crucial for recording transactions and transmitting knowledge in early societies?

  • Language Skills and Learning (correct)
  • Accumulation of Wealth and Power
  • Bartering
  • Manufacturing Development

What transformed economies from agrarian to industrial?

<p>Manufacturing Development (C)</p> Signup and view all the answers

What led to massive urban migration, shaping modern cities and economic hubs?

<p>Urbanization and Migration (C)</p> Signup and view all the answers

What improved efficiency and productivity, fostering the growth of markets and trade?

<p>Specialization of Labor (B)</p> Signup and view all the answers

What necessitated regulations and laws to manage commerce and interactions effectively?

<p>Growth of Towns and Mercantile Law (B)</p> Signup and view all the answers

What is a primary function of governments in relation to economic activities?

<p>Taxation and Finance (D)</p> Signup and view all the answers

What is a characteristic of mixed economies?

<p>Combination of elements of free markets and government control (B)</p> Signup and view all the answers

What type of economy balances growth and social welfare?

<p>Mixed economy (C)</p> Signup and view all the answers

What is the main effect of mechanization on employment patterns?

<p>Replacement of labor with machinery (D)</p> Signup and view all the answers

What is the primary role of financial institutions in the economy?

<p>Facilitating economic growth by managing savings and providing loans (D)</p> Signup and view all the answers

What is a major challenge faced by developing countries in global markets?

<p>Exporting raw materials used in high-value finished goods (C)</p> Signup and view all the answers

What is the main goal of the World Trade Organization (WTO)?

<p>Promoting fair global trade practices (B)</p> Signup and view all the answers

What was the primary characteristic of the economy during the early agricultural history?

<p>Predominantly agrarian with minimal trade (A)</p> Signup and view all the answers

What was the significant event that transformed the economy during the Agricultural-Mining phase?

<p>Discovery of diamonds and gold (D)</p> Signup and view all the answers

What was the primary driver of industrial growth in South Africa during the Industrial Development phase?

<p>Government incentives and entrepreneurial immigrants (A)</p> Signup and view all the answers

What has been the significant development in the modern economy of South Africa since 1994?

<p>Growth of the service sector (A)</p> Signup and view all the answers

What is a major challenge faced by the modern economy of South Africa?

<p>Brain drain (A)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It helps in gratifying the complex interactions between economic growth, development, and globalization (C)</p> Signup and view all the answers

What is the approximate population of South Africa in 2010?

<p>50 million (C)</p> Signup and view all the answers

What is the main factor influencing population growth in South Africa?

<p>High birth rates (C)</p> Signup and view all the answers

What is the current stage of South Africa's demographic profile?

<p>Transitional stage (A)</p> Signup and view all the answers

How has the HIV/AIDS epidemic affected South Africa's population?

<p>Decreased population growth rate (C)</p> Signup and view all the answers

What is the main challenge facing the South African labour force?

<p>Youth unemployment (C)</p> Signup and view all the answers

What is the main reason for high unemployment rates in South Africa?

<p>Inadequate education (B)</p> Signup and view all the answers

What is the main sector shift in South Africa's economy?

<p>From primary sectors to services (B)</p> Signup and view all the answers

What is the main challenge facing entrepreneurship in South Africa?

<p>High failure rates of startups (A)</p> Signup and view all the answers

What is the main policy implication for education and training in South Africa?

<p>Enhancing education and skills training (A)</p> Signup and view all the answers

What is the main policy implication for urban planning and infrastructure in South Africa?

<p>Improving urban planning and infrastructure (A)</p> Signup and view all the answers

What characterized early societies before the emergence of trade?

<p>Self-sufficiency and bartering (D)</p> Signup and view all the answers

What was a significant outcome of the industrial revolution?

<p>Transformation of economies from agrarian to industrial (A)</p> Signup and view all the answers

What led to the growth of towns and mercantile law?

<p>Expansion of trade and commerce (A)</p> Signup and view all the answers

What is a key function of governments in relation to economic activities?

<p>Provision of public services and infrastructure (B)</p> Signup and view all the answers

What is a characteristic of mixed economies?

<p>Combination of free markets and government control (A)</p> Signup and view all the answers

What drove the development of language and writing?

<p>Requirement for recording transactions and transmitting knowledge (B)</p> Signup and view all the answers

What has been the impact of industrialization on societies?

<p>Massive urban migration (A)</p> Signup and view all the answers

What is the primary outcome of mechanization in production processes?

<p>Increased output and replaced labor (A)</p> Signup and view all the answers

What is the primary role of trade unions in the economy?

<p>Improving working conditions and negotiating fair wages (C)</p> Signup and view all the answers

What has been the outcome of specialization of labor?

<p>Improved efficiency and productivity (C)</p> Signup and view all the answers

What has been the role of governments in economic development?

<p>Providing public services and infrastructure (D)</p> Signup and view all the answers

What is a major challenge facing developing countries in global markets?

<p>Dependence on raw material exports (A)</p> Signup and view all the answers

What is the primary goal of the World Trade Organization (WTO)?

<p>Promoting fair global trade practices (D)</p> Signup and view all the answers

What has been the result of the growth of markets and trade?

<p>Increased economic growth (C)</p> Signup and view all the answers

What is the primary feature of limited liability companies?

<p>Protection of investors from unlimited liability (D)</p> Signup and view all the answers

What is the primary driver of urbanization?

<p>Industrialization and economic growth (C)</p> Signup and view all the answers

What is the primary function of financial institutions in the economy?

<p>Managing savings and providing loans (A)</p> Signup and view all the answers

What is the primary outcome of globalization?

<p>Expanded economic opportunities and growth (D)</p> Signup and view all the answers

What is the primary characteristic of the modern economy in South Africa?

<p>Rise of the service sector (A)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It shapes policies, corporate strategies, and international relations (A)</p> Signup and view all the answers

What has been the significant development in South Africa's economy since 1970?

<p>A transformation from an agrarian to a complex industrial and service-oriented economy (B)</p> Signup and view all the answers

What is the primary factor influencing population growth in South Africa?

<p>High birth rates and immigration (B)</p> Signup and view all the answers

What is the current stage of South Africa's demographic profile?

<p>Transiting through various stages of demographic transition (D)</p> Signup and view all the answers

What has been the impact of HIV/AIDS on South Africa's population?

<p>Slowed population growth rate (D)</p> Signup and view all the answers

What is the main challenge facing the South African labour force?

<p>High unemployment rates among the youth (A)</p> Signup and view all the answers

What is the main reason for high unemployment rates in South Africa?

<p>Inadequate education and skills training (D)</p> Signup and view all the answers

What is the main sector shift in South Africa's economy?

<p>From primary sectors to services and finance (A)</p> Signup and view all the answers

What is the main challenge facing entrepreneurship in South Africa?

<p>High failure rates of startups (B)</p> Signup and view all the answers

What is the main policy implication for education and training in South Africa?

<p>Enhancing education and skills training to align with the demands of a changing economy (C)</p> Signup and view all the answers

What is the main policy implication for urban planning and infrastructure in South Africa?

<p>Effective urban planning and improved infrastructure to accommodate growing populations (D)</p> Signup and view all the answers

What was the main impact of mechanization on production processes?

<p>Increased output but replaced labor (C)</p> Signup and view all the answers

What has been the outcome of urbanization?

<p>Presented challenges such as housing and infrastructure demands (D)</p> Signup and view all the answers

What is the primary role of limited liability companies?

<p>To protect investors from losing more than their investment (C)</p> Signup and view all the answers

What has been the impact of globalization on developing countries?

<p>It has expanded economic opportunities but also contributed to economic disparities (A)</p> Signup and view all the answers

What is the primary goal of the World Trade Organization (WTO)?

<p>To promote fair global trade practices (C)</p> Signup and view all the answers

What has driven industrial growth in South Africa during the Industrial Development phase?

<p>Government incentives and entrepreneurial immigrants (A)</p> Signup and view all the answers

What has been the significant development in the modern economy of South Africa since 1994?

<p>A significant growth in the service sector (C)</p> Signup and view all the answers

What is the primary challenge faced by developing countries in global markets?

<p>Exporting raw materials used in high-value finished goods (A)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It helps in gratifying the complex interactions between economic growth, development, and globalization (B)</p> Signup and view all the answers

What is the primary role of financial institutions in the economy?

<p>To manage savings, provide loans, and support transactions (C)</p> Signup and view all the answers

What has been the impact of urbanization on social services and infrastructure in South Africa?

<p>Increased demand for education and healthcare (A)</p> Signup and view all the answers

What is the main challenge facing the South African labour force?

<p>High unemployment rates among the youth (C)</p> Signup and view all the answers

What has been the effect of the HIV/AIDS epidemic on South Africa's population growth?

<p>Slowed population growth rate due to increased mortality (B)</p> Signup and view all the answers

What is the main reason for the shift from primary sectors like agriculture and mining to services and finance in South Africa?

<p>Economic development and industrialization (D)</p> Signup and view all the answers

What is a critical policy implication for education and training in South Africa?

<p>Alignment of education and skills training with the demands of a changing economy (C)</p> Signup and view all the answers

What is a major constraint to entrepreneurship and small business development in South Africa?

<p>Limited access to finance and markets (A)</p> Signup and view all the answers

What has been the trend in South Africa's population growth?

<p>Rapid growth from 1970 to 2010 (B)</p> Signup and view all the answers

What is a major challenge in urban planning and infrastructure in South Africa?

<p>Urban overcrowding and service delivery (D)</p> Signup and view all the answers

What is the primary reason for provincial disparities in employment opportunities in South Africa?

<p>Historical and geographical factors (D)</p> Signup and view all the answers

What is a critical policy implication for health services in South Africa?

<p>Continued focus on health services, particularly in addressing HIV/AIDS (A)</p> Signup and view all the answers

What was the primary reason for the accumulation of wealth and power in early societies?

<p>Control over resources and establishment of leadership hierarchies (A)</p> Signup and view all the answers

What was the significant outcome of the industrial revolution?

<p>The transformation of economies from agrarian to industrial (A)</p> Signup and view all the answers

What is the primary function of governments in relation to economic activities?

<p>To fund public services and infrastructure through taxation (C)</p> Signup and view all the answers

What is a characteristic of mixed economies?

<p>A balance between growth and social welfare (C)</p> Signup and view all the answers

What led to the growth of markets and trade?

<p>Specialization of labor and improvement in efficiency (D)</p> Signup and view all the answers

What is a significant outcome of urbanization and migration?

<p>The shaping of modern cities and economic hubs (D)</p> Signup and view all the answers

What is the primary role of governments in economic development?

<p>To regulate trade and commerce (A)</p> Signup and view all the answers

What is the primary outcome of the growth of markets and trade?

<p>The expansion of economic opportunities and growth (C)</p> Signup and view all the answers

What is a characteristic of early societies before the emergence of trade?

<p>Self-sufficiency and bartering (D)</p> Signup and view all the answers

What is the primary driver of industrial growth?

<p>Advances in manufacturing and mechanization (D)</p> Signup and view all the answers

What was the primary reason for the accumulation of wealth and power in early societies?

<p>Control over resources and leadership hierarchies (A)</p> Signup and view all the answers

What was the significant outcome of the industrial revolution?

<p>Transformation of economies from agrarian to industrial (A)</p> Signup and view all the answers

What is a key function of governments in relation to economic activities?

<p>All of the above (D)</p> Signup and view all the answers

What drove the growth of towns and mercantile law?

<p>Expansion of trade and commerce (C)</p> Signup and view all the answers

What is a characteristic of mixed economies?

<p>Combination of elements of free markets and government control (D)</p> Signup and view all the answers

What was the primary outcome of mechanization in production processes?

<p>Improved efficiency and productivity (D)</p> Signup and view all the answers

What has been the impact of industrialization on societies?

<p>Mixed, with both positive and negative effects on societies (B)</p> Signup and view all the answers

What is a key function of financial institutions in the economy?

<p>Facilitation of financial transactions and investments (C)</p> Signup and view all the answers

What has been the primary outcome of globalization?

<p>Increased economic interdependence and integration (C)</p> Signup and view all the answers

What is a primary characteristic of the modern economy in South Africa?

<p>Mixed economy with elements of free markets and government control (D)</p> Signup and view all the answers

What has been a significant outcome of mechanization in production processes?

<p>Replacement of labor, affecting employment patterns (A)</p> Signup and view all the answers

What has driven the growth of the service sector in South Africa's modern economy?

<p>Globalization and technological advancements (B)</p> Signup and view all the answers

What is a primary function of financial institutions in the economy?

<p>Facilitating economic growth by managing savings, providing loans, and supporting transactions (D)</p> Signup and view all the answers

What has been a major challenge faced by developing countries in global markets?

<p>Economic disparities due to exports of raw materials (B)</p> Signup and view all the answers

What has been the outcome of industrialization on societies?

<p>Urbanization and concentration of economic activity (C)</p> Signup and view all the answers

What is a primary role of trade unions in the economy?

<p>Improving working conditions and negotiating fair wages (B)</p> Signup and view all the answers

What has been a primary driver of urbanization?

<p>Industrialization (C)</p> Signup and view all the answers

What is a primary feature of limited liability companies?

<p>Encouragement of entrepreneurship and investment (B)</p> Signup and view all the answers

What has been the outcome of globalization?

<p>Economic disparities between developed and developing nations (C)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It is essential for shaping policies, corporate strategies, and international relations (C)</p> Signup and view all the answers

What is the primary factor that has influenced South Africa's population growth?

<p>High birth rates (C)</p> Signup and view all the answers

Which stage of demographic transition is South Africa currently experiencing?

<p>Transitional phase from high to low birth and death rates (A)</p> Signup and view all the answers

What has been the impact of the HIV/AIDS epidemic on South Africa's population?

<p>Decreased population growth rate (D)</p> Signup and view all the answers

What is the primary challenge facing the South African labour force?

<p>Youth unemployment (C)</p> Signup and view all the answers

What is the primary sector shift in South Africa's economy?

<p>From manufacturing to services and finance (B)</p> Signup and view all the answers

What is the primary policy implication for urban planning and infrastructure in South Africa?

<p>Improved infrastructure in urban areas (B)</p> Signup and view all the answers

What is the primary challenge facing entrepreneurship in South Africa?

<p>High failure rates of startups (C)</p> Signup and view all the answers

What is the primary outcome of the demographic cycle in South Africa?

<p>Rapid urbanization (A)</p> Signup and view all the answers

What is the primary policy implication for education and training in South Africa?

<p>Improved education and skills training to align with the demands of a changing economy (C)</p> Signup and view all the answers

What is the primary outcome of the labour force trends in South Africa?

<p>Increased youth unemployment (D)</p> Signup and view all the answers

What is a primary driver of economic growth, according to technological advances?

<p>Increases in labor productivity (C)</p> Signup and view all the answers

What is a key challenge facing urban areas as a result of industrialization?

<p>Housing and infrastructure demands (D)</p> Signup and view all the answers

What is a primary function of limited liability companies?

<p>Protecting investors from unlimited losses (A)</p> Signup and view all the answers

What is a significant impact of globalization on developing countries?

<p>Increased economic disparities (C)</p> Signup and view all the answers

What has been the primary outcome of mechanization in production processes?

<p>Job losses and changed employment patterns (C)</p> Signup and view all the answers

What is a primary role of trade unions in the economy?

<p>Improving working conditions and negotiating fair wages (B)</p> Signup and view all the answers

What is a significant challenge faced by South Africa's modern economy?

<p>Brain drain and crime (D)</p> Signup and view all the answers

What is the primary goal of the World Trade Organization (WTO)?

<p>Promoting fair global trade practices (D)</p> Signup and view all the answers

What is a primary characteristic of the modern economy in South Africa?

<p>Service sector growth (D)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It is essential for shaping policies and corporate strategies (A)</p> Signup and view all the answers

What is a primary factor that contributed to the emergence of trade in early societies?

<p>The accumulation of wealth and power by certain individuals (D)</p> Signup and view all the answers

What was a significant outcome of the industrial revolution in terms of economic development?

<p>The decline of agriculture as a primary source of employment (B)</p> Signup and view all the answers

What is a key characteristic of mixed economies?

<p>A balance between free market principles and government control (C)</p> Signup and view all the answers

What is a primary function of governments in relation to economic activities?

<p>To provide public services and infrastructure (B)</p> Signup and view all the answers

What drove the growth of towns and mercantile law?

<p>Specialization of labor and market development (D)</p> Signup and view all the answers

What has been the impact of industrialization on societies?

<p>A shift from agrarian to industrial economies (A)</p> Signup and view all the answers

What is a primary outcome of specialization of labor?

<p>An improvement in efficiency and productivity (A)</p> Signup and view all the answers

What has been the role of governments in economic development?

<p>To facilitate the growth of markets and trade (A)</p> Signup and view all the answers

What is a primary feature of the modern economy in South Africa?

<p>A mixed economy with elements of free markets and government control (A)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>To comprehend the emergence of trade and economic growth (D)</p> Signup and view all the answers

What is the primary driver of the shift from primary sectors like agriculture and mining to services and finance in South Africa's economy?

<p>Globalization and changes in trade patterns (C)</p> Signup and view all the answers

What is the primary challenge facing entrepreneurship in South Africa?

<p>Lack of access to finance and markets (A)</p> Signup and view all the answers

What is the primary implication of the HIV/AIDS epidemic on South Africa's demographic patterns?

<p>Decreased population growth rate due to high mortality (C)</p> Signup and view all the answers

What is the primary policy implication for urban planning and infrastructure in South Africa?

<p>Improving urban planning and infrastructure to accommodate growing populations (A)</p> Signup and view all the answers

What is the primary characteristic of South Africa's economic history?

<p>Significant transformations from an agrarian base to a complex industrial and service-oriented economy (D)</p> Signup and view all the answers

What is the primary factor influencing population growth in South Africa?

<p>Fertility rates and socioeconomic conditions (C)</p> Signup and view all the answers

What is the primary challenge facing the South African labour force?

<p>High unemployment rates among the youth (A)</p> Signup and view all the answers

What is the primary policy implication for education and training in South Africa?

<p>Aligning education and training with the demands of a changing economy (D)</p> Signup and view all the answers

What is the primary reason for high unemployment rates in South Africa?

<p>Inadequate education and skills training (A)</p> Signup and view all the answers

What is the primary outcome of the demographic transition in South Africa's population?

<p>Shift from high birth and death rates to lower rates (B)</p> Signup and view all the answers

What was the primary consequence of the accumulation of wealth and power in early societies?

<p>The establishment of structured communities and leadership hierarchies (D)</p> Signup and view all the answers

What was the primary driver of the growth of towns and mercantile law?

<p>The expansion of trade and commerce (C)</p> Signup and view all the answers

What is a primary function of governments in relation to economic activities?

<p>To promote economic growth and development (D)</p> Signup and view all the answers

What is a characteristic of mixed economies?

<p>A combination of elements of free markets and government control (D)</p> Signup and view all the answers

What was the primary outcome of the industrial revolution?

<p>The transformation of economies from agrarian to industrial (C)</p> Signup and view all the answers

What drove the development of language and writing?

<p>The need for recording transactions and transmitting knowledge (D)</p> Signup and view all the answers

What is a primary consequence of urbanization?

<p>The transformation of modern cities and economic hubs (D)</p> Signup and view all the answers

What is a primary function of taxation in economies?

<p>To fund public services and infrastructure (C)</p> Signup and view all the answers

What is a primary outcome of the specialization of labor?

<p>The improvement of efficiency and productivity (B)</p> Signup and view all the answers

What is a primary characteristic of the modern economy?

<p>A combination of elements of free markets and government control (B)</p> Signup and view all the answers

What is the primary factor contributing to the rapid population growth in South Africa from 1970 to 2010?

<p>High birth rates and immigration (B)</p> Signup and view all the answers

What is the current stage of South Africa's demographic profile?

<p>Transitional stage from high to low birth and death rates (C)</p> Signup and view all the answers

What is the primary impact of the HIV/AIDS epidemic on South Africa's population?

<p>Slowed population growth rate (A)</p> Signup and view all the answers

What is the primary challenge facing the South African labour force?

<p>Youth unemployment (C)</p> Signup and view all the answers

What is the primary policy implication for education and training in South Africa?

<p>Alignment of education and skills training with the demands of a changing economy (C)</p> Signup and view all the answers

What is the primary cause of skill shortages in critical areas of the South African economy?

<p>Inadequate education and skills training (A)</p> Signup and view all the answers

What is the primary reason for provincial disparities in employment opportunities in South Africa?

<p>Provincial differences in economic development (C)</p> Signup and view all the answers

What is the primary challenge facing entrepreneurship in South Africa?

<p>All of the above (D)</p> Signup and view all the answers

What is the primary policy implication for urban planning and infrastructure in South Africa?

<p>Effective urban planning and improved infrastructure (C)</p> Signup and view all the answers

What is the primary factor contributing to the shift from primary sectors to services and finance in South Africa?

<p>Economic development (C)</p> Signup and view all the answers

What was the primary consequence of mechanization in production processes on employment patterns?

<p>It replaced labor, affecting employment patterns (B)</p> Signup and view all the answers

What drove the growth of urban areas during the industrialization era?

<p>Concentration of economic activity and resources (C)</p> Signup and view all the answers

What is the primary function of limited liability companies in the economy?

<p>To protect investors from losing more than their investment (C)</p> Signup and view all the answers

What has been the impact of globalization on developing countries?

<p>It has contributed to economic disparities between developed and developing nations (A)</p> Signup and view all the answers

What is the primary goal of the World Trade Organization (WTO)?

<p>To promote fair global trade practices (D)</p> Signup and view all the answers

What has been the primary driver of economic growth in South Africa during the Industrial Development phase?

<p>Government incentives and entrepreneurial immigrants (A)</p> Signup and view all the answers

What has been the significant development in the modern economy of South Africa since 1994?

<p>The growth of the service sector (B)</p> Signup and view all the answers

What is the primary challenge faced by the modern economy of South Africa?

<p>Brain drain and crime (A)</p> Signup and view all the answers

What is the primary role of financial institutions in the economy?

<p>To manage savings and provide loans (A)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It is essential for gratifying the complex interactions between economic growth, development, and globalization (C)</p> Signup and view all the answers

What was the primary driver of the emergence of trade in early societies?

<p>Accumulation of wealth and power (D)</p> Signup and view all the answers

What was a significant outcome of the growth of markets and trade?

<p>The growth of towns and mercantile law (D)</p> Signup and view all the answers

What is a characteristic of governments in relation to economic activities?

<p>They use taxation to fund public services and infrastructure (C)</p> Signup and view all the answers

What was the primary outcome of the industrial revolution?

<p>The transformation of economies from agrarian to industrial (D)</p> Signup and view all the answers

What is a key feature of mixed economies?

<p>They combine elements of free markets and government control (A)</p> Signup and view all the answers

What led to the development of language and writing skills?

<p>The need for recording transactions and transmitting knowledge (A)</p> Signup and view all the answers

What was the primary outcome of specialization of labor?

<p>The improvement of efficiency and productivity (A)</p> Signup and view all the answers

What is a primary function of governments in relation to economic development?

<p>To use taxation to fund public services and infrastructure (B)</p> Signup and view all the answers

What is the primary outcome of the growth of markets and trade?

<p>The growth of towns and mercantile law (D)</p> Signup and view all the answers

What is a characteristic of mixed economies in relation to social welfare?

<p>They balance growth and social welfare (B)</p> Signup and view all the answers

What is the primary reason for the shift from primary sectors to services and finance in South Africa's economy?

<p>Growing demand for services and finance in urban areas (C)</p> Signup and view all the answers

What is the main consequence of the HIV/AIDS epidemic on South Africa's population growth rate?

<p>Slowed population growth rate (A)</p> Signup and view all the answers

What is the primary challenge facing the informal sector in South Africa?

<p>Limited access to finance (C)</p> Signup and view all the answers

What is the main policy implication for urban planning and infrastructure in South Africa?

<p>Improving urban planning and infrastructure (A)</p> Signup and view all the answers

What is the primary reason for the high unemployment rate among the youth in South Africa?

<p>Inadequate education and skills training (D)</p> Signup and view all the answers

What is the main factor influencing population growth in South Africa?

<p>Fertility rates (A)</p> Signup and view all the answers

What is the current stage of South Africa's demographic profile?

<p>Transitioning to lower birth and death rates (D)</p> Signup and view all the answers

What is the primary challenge facing the South African labour force?

<p>All of the above (D)</p> Signup and view all the answers

What is the main policy implication for education and training in South Africa?

<p>Aligning education and training with the demands of a changing economy (D)</p> Signup and view all the answers

What is the primary consequence of urbanization in South Africa?

<p>Increased demand for services and finance (B)</p> Signup and view all the answers

What is the primary consequence of mechanization in production processes?

<p>Replacement of labor and increased output (A)</p> Signup and view all the answers

What has driven economic growth in the modern economy of South Africa?

<p>Globalization and technological advancements (A)</p> Signup and view all the answers

What is the primary challenge faced by developing countries in global markets?

<p>Exporting raw materials and importing finished goods at a higher cost (B)</p> Signup and view all the answers

What is the primary role of limited liability companies?

<p>Protecting investors from losing more than their investment (D)</p> Signup and view all the answers

What has been the outcome of urbanization?

<p>Concentrating economic activity and resources in urban areas (C)</p> Signup and view all the answers

What is the primary goal of the World Trade Organization (WTO)?

<p>Promoting fair global trade practices (C)</p> Signup and view all the answers

What has been the impact of industrialization on societies?

<p>Creating new industries and improving efficiency (A)</p> Signup and view all the answers

What is the primary function of financial institutions in the economy?

<p>Facilitating economic growth by managing savings and providing loans (D)</p> Signup and view all the answers

What has driven the growth of the service sector in South Africa?

<p>Globalization and technological advancements (D)</p> Signup and view all the answers

What is the significance of understanding the historical context and current dynamics of global economies?

<p>It shapes individual nations' economies and the global economic landscape (B)</p> Signup and view all the answers

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