Nov P2 Hard

What is a key characteristic of markets?

What reflects the satisfaction a consumer derives from a good or service?

What type of market deals with the exchange of resources necessary for production?

What is a characteristic of perfect markets?

What role do prices play in a market economy?

What is the relationship between price and quantity demanded according to the Law of Demand?

What determines the quantity supplied in a market?

What is the primary goal of prices in a market economy?

What is the primary outcome of market equilibrium?

Which of the following is NOT a function of markets?

What is the primary reason for public sector intervention in the economy?

Which of the following is a type of indirect tax?

What is the primary goal of imposing a price ceiling?

Which of the following is a merit good?

What is the primary outcome of a market response to a change in demand and supply?

Which of the following is a reason for public sector intervention to promote social welfare?

What is the primary function of government spending in the public sector?

Which of the following is a characteristic of public goods?

What is the primary purpose of setting minimum and maximum price levels?

What is a potential drawback of setting minimum wages too high?

What is the primary goal of social safety nets?

What is the main advantage of state production in vital sectors?

What is the primary challenge faced by governments when intervening in the economy?

What is the Production Possibility Curve (PPC) based on?

What does a concave Production Possibility Curve (PPC) suggest?

What is the effect of an outward shift in the Production Possibility Curve (PPC)?

What is the purpose of indifference curves in relation to the Production Possibility Curve (PPC)?

What is the primary advantage of privatization?

What is the primary goal of government intervention in markets?

What is the term for the state where the free market fails to allocate resources efficiently?

What is the primary determinant of the demand for labour in South Africa?

What is the result of inefficiencies in resource allocation?

What is the purpose of indifference curves?

What is the main consequence of underemployment in South Africa?

What is the primary goal of economic policies aimed at reducing unemployment and underemployment in South Africa?

What is the term for the graphical representation of the various combinations of two goods that can be produced given the resources available?

What is the primary factor influencing the supply of labour in South Africa?

What is the consequence of high inflation rates in an economy?

What is the primary objective of the Labour Relations Act in South Africa?

What is the main function of the Commission for Conciliation, Mediation, and Arbitration (CCMA)?

What is the difference between frictional unemployment and structural unemployment?

What is the main reason for the lack of skills in the South African workforce?

What is the role of collective bargaining in the labour market?

What is the purpose of labour courts in South Africa?

What is the economically active population (EAP)?

What is the formula for calculating the unemployment rate?

What is the main difference between cyclical unemployment and seasonal unemployment?

What is the main focus of the Labour Relations Act in South Africa?

What is the primary focus of the Tirisano Campaign in South Africa?

What is the main objective of the Land Reform initiative in South Africa?

What is the primary goal of the Khula Enterprise Finance initiative in South Africa?

What is the primary focus of the Labour Relations Act in South Africa?

What is the primary goal of the AsgiSA initiative in South Africa?

What is the primary objective of the Black Economic Empowerment (BEE) initiative in South Africa?

What is the primary goal of the National Forests Act and Marine Living Resources Act in South Africa?

What is the primary focus of the Ntsika program in South Africa?

Which demographic group faces high unemployment rates due to a lack of experience and rapid pace of change in skill requirements?

What is a consequence of mechanisation and technological advancements in the job market?

Which government program aims to acquire skills urgently needed in the market?

What is a key aspect of the Reconstruction and Development Programme (RDP)?

Which of the following is a characteristic of the Economically Marginalised Groups?

What is a consequence of high unemployment rates in South Africa?

Which initiative supports local businesses and job creation?

What is the primary goal of the Unemployment Insurance Fund (UIF)?

What is a key aspect of the educational reforms in South Africa?

What is the primary goal of government interventions for Economically Marginalised Groups?

What is the primary mechanism by which markets facilitate the exchange of goods and services?

Which of the following is a characteristic of both consumer and factor markets?

What is the primary function of prices in a market economy?

What is the relationship between the quantity demanded and the quantity supplied in a market?

What is the primary characteristic of imperfect markets?

What is the primary function of the exchange mechanism in a market?

What is the primary difference between the law of demand and the law of supply?

What is the primary role of prices in guiding the decisions of producers and consumers?

What is the primary consequence of setting minimum and maximum price levels that are too narrow?

What is the primary goal of state production in vital sectors such as energy and transportation?

What is the primary advantage of basic income grants?

What is the shape of the PPC when the opportunity costs are decreasing?

What is the primary outcome of a leftward shift in the PPC?

What is the primary purpose of indifference curves in relation to the PPC?

What is the primary goal of public sector intervention in the economy?

What is the primary challenge faced by governments when intervening in the economy?

What is the primary advantage of privatization?

What is the primary outcome of market distortions and inefficiencies?

What is the primary outcome of market equilibrium in a market economy?

How does the public sector intervene in the economy to address market failures?

What is the primary difference between direct and indirect taxes?

What is the primary goal of government spending in the public sector?

What is the primary outcome of a market response to a change in demand and supply conditions?

What is the primary reason for the public sector to provide merit goods?

What is the primary goal of price controls in the public sector?

What is the primary outcome of state production in vital sectors?

What is the primary challenge faced by governments when intervening in the economy?

What is the primary function of government intervention in markets?

Which of the following market failures can lead to a reduction in competition and potentially higher prices?

What is the primary goal of government intervention in markets, according to the content?

What is the result of an economy operating inside the PPC curve?

What is the primary determinant of the supply of labour in South Africa?

What is the primary goal of economic policies aimed at reducing unemployment and underemployment in South Africa?

What is the consequence of high inflation rates in an economy?

What is the primary focus of the Labour Relations Act in South Africa?

What is the result of inefficiencies in resource allocation?

What is the primary advantage of privatization?

What is the primary goal of government spending in the public sector?

What is a primary factor contributing to high unemployment rates among young people in South Africa?

Which of the following is a consequence of high unemployment rates in South Africa?

What is the primary goal of the Government Employment and Development Strategies for South Africa?

Which of the following is a key aspect of the Reconstruction and Development Programme (RDP)?

What is the primary focus of the Unemployment Insurance Fund (UIF)?

What is a challenge faced by economically marginalised groups in South Africa?

Which of the following is a key aspect of the growth of production and local initiatives in South Africa?

What is the primary goal of government interventions in the economy, in relation to unemployment?

Which of the following is a consequence of high unemployment rates in South Africa, in relation to the taxpayer?

What is the primary goal of initiatives aimed at solving unemployment in South Africa?

What is the primary goal of the Labour Relations Act in South Africa?

What is the main characteristic of structural unemployment?

What is the primary function of the Commission for Conciliation, Mediation, and Arbitration (CCMA)?

What is the primary objective of the Labour Relations Act in South Africa?

What is the main consequence of a lack of skills in the South African workforce?

What is the primary role of collective bargaining in the labour market?

What is the primary function of labour courts in South Africa?

What is the economically active population (EAP)?

What is the formula for calculating the unemployment rate?

What is the primary difference between cyclical unemployment and seasonal unemployment?

What is the primary goal of the Tirisano Campaign in South Africa?

What is the main objective of the Employment Equity Act in South Africa?

What is the primary goal of the Land Reform initiative in South Africa?

What is the main focus of the Khula Enterprise Finance initiative in South Africa?

What is the primary goal of the National Forests Act and Marine Living Resources Act in South Africa?

What is the primary goal of the Black Economic Empowerment (BEE) initiative in South Africa?

What is the primary goal of the Labour Relations Act in South Africa?

What is the primary goal of the AsgiSA initiative in South Africa?

What is a key distinction between consumer markets and factor markets?

What is the primary function of prices in a market economy, according to the concept of market dynamics?

What is the term for the worth of a good or service in terms of what it can be exchanged for?

What is a characteristic of imperfect markets?

What is the direct result of the interaction between supply and demand in a market economy?

What is the relationship between the quantity demanded and price, according to the Law of Demand?

What is the market phenomenon where sellers compete to attract buyers?

What is the term for the satisfaction a consumer derives from a good or service?

What is the primary goal of the public sector's price control mechanism?

What is the key difference between direct and indirect taxes?

What is the primary objective of government spending in the public sector?

What is the main characteristic of merit goods?

What is the primary reason for public sector intervention in the economy?

What is the primary function of subsidies in the public sector?

What is the primary outcome of market equilibrium?

What is the primary role of the public sector in the economy?

What is the primary goal of taxation in the public sector?

What is the primary outcome of public sector intervention in the economy?

What is the primary goal of government intervention in the economy?

What is the effect of a minimum wage set too high?

What is the primary purpose of social safety nets?

What does an outward shift in the Production Possibility Curve (PPC) indicate?

What is the primary function of indifference curves?

What is the primary challenge faced by governments when intervening in the economy?

What is the primary goal of privatization?

What is the primary advantage of state production in vital sectors?

What is the primary goal of imposing price floors and ceilings?

What does a concave Production Possibility Curve (PPC) suggest?

What is the primary effect of uneven income distribution in a market economy?

What is the primary goal of government intervention in addressing pollution?

What is the primary consequence of an economy operating inside the Production Possibility Curve (PPC)?

What is the primary factor influencing the demand for labour in South Africa, according to the content?

What is the primary outcome of inefficiencies in resource allocation?

What is the primary goal of government policies aimed at reducing income disparities?

What is the primary consequence of high inflation rates in an economy?

What is the primary goal of regulating monopolies?

What is the primary outcome of underemployment in South Africa?

What is the primary goal of economic policies aimed at addressing unemployment and underemployment in South Africa?

What is the primary objective of the Tirisano Campaign in South Africa?

What is the main goal of the Land Reform initiative in South Africa?

What is the focus of the Labour Relations Act in South Africa?

What is the primary goal of the Employment Equity Act in South Africa?

What is the focus of the Legislative Support initiative in South Africa?

What is the primary goal of the Mineral and Energy Control initiative in South Africa?

What is the focus of the Consensus and Management initiative in South Africa?

What is the primary goal of the Black Economic Empowerment (BEE) initiative in South Africa?

What is a major contributor to the high unemployment rate among young people in South Africa?

Which of the following is a historic reason for unemployment in South Africa?

What is a social problem that arises from high unemployment rates in South Africa?

What is the primary goal of the Unemployment Insurance Fund (UIF) in South Africa?

What is a key aspect of the Reconstruction and Development Programme (RDP) in South Africa?

What is the primary purpose of the Public Works Programs in South Africa?

What is a characteristic of economically marginalized groups in South Africa?

What is the primary goal of skills development initiatives in South Africa?

What is the primary focus of the JIPSA initiative in South Africa?

What is the primary goal of promoting local production in South Africa?

What is the primary reason why higher wages attract more workers in South Africa?

Which international labour convention does South Africa adhere to?

What is the primary objective of collective bargaining in South Africa?

What is the function of the Commission for Conciliation, Mediation, and Arbitration (CCMA) in South Africa?

What is the primary cause of structural unemployment in South Africa?

What is the economically active population (EAP) in South Africa?

What is the primary objective of the Labour Relations Act in South Africa?

What is the primary role of labour courts in South Africa?

What is the primary goal of the Labour Relations Act in promoting fair labour practices?

What is the primary reason for the existence of labour disputes in South Africa?

What is the primary outcome of market equilibrium?

Which of the following is a characteristic of market dynamics?

What is the primary reason for the public sector to intervene in the economy to address market failures?

Which of the following is a type of government spending?

What is a major consequence of uneven income distribution in an economy?

What is the primary goal of imposing a price floor?

Which of the following is a characteristic of merit goods?

What is the primary goal of regulating monopolies in an economy?

What is the primary outcome of market forces adjusting to changes in demand and supply?

What is the effect of an economy operating inside the PPC curve?

What is the primary role of government in addressing market failures?

Which of the following is a reason for the public sector to intervene in the economy to promote social welfare?

What is a major determinant of the supply of labour in South Africa?

What is the primary goal of taxation in the public sector?

What is the primary goal of economic policies aimed at reducing unemployment and underemployment in South Africa?

Which of the following is a characteristic of public goods?

What is the consequence of high inflation rates in an economy?

What is the primary objective of the Labour Relations Act in South Africa?

What is the result of inefficiencies in resource allocation in an economy?

What is the primary goal of government intervention in markets?

What is the primary function of the exchange mechanism in a market?

What is the main difference between consumer markets and factor markets?

What is the primary characteristic of imperfect markets?

What is the primary role of prices in a market economy?

What is the relationship between price and quantity supplied according to the Law of Supply?

What is the primary outcome of the interaction between demand and supply in a market?

What is a characteristic of both consumer and factor markets?

What is the primary function of prices in a market economy in terms of resource allocation?

What is the primary objective of the Labour Relations Act in South Africa?

What is the primary outcome of a collective bargaining agreement?

What is the primary function of the Commission for Conciliation, Mediation, and Arbitration (CCMA)?

What is the primary characteristic of structural unemployment?

What is the primary reason for the lack of skills in the South African workforce?

What is the primary focus of labour courts in South Africa?

What is the primary role of collective bargaining in the labour market?

What is the primary goal of social safety nets in South Africa?

What is the primary objective of the government's measures to mitigate unemployment?

What is the primary characteristic of the economically active population (EAP)?

What is a primary cause of high unemployment rates among young people in South Africa?

Which of the following is a consequence of high unemployment rates in South Africa?

What is the primary focus of the JIPSA initiative?

What is the primary objective of government interventions aimed at addressing unemployment?

What is the primary goal of the Reconstruction and Development Programme (RDP)?

What is the primary outcome of the economic redress initiatives undertaken by South Africa since 1994?

What is the primary focus of the BBBEE policies?

What is the primary advantage of the Unemployment Insurance Fund (UIF)?

What is the primary objective of the education reforms in South Africa?

What is the primary challenge faced by the government in addressing unemployment?

What is the primary goal of the Tirisano Campaign in South Africa?

Which of the following initiatives aims to correct historical imbalances in business ownership and management positions?

What is the primary goal of the Employment Equity Act in South Africa?

What is the primary objective of the Land Reform initiative in South Africa?

Which of the following initiatives provides financial assistance to small businesses in South Africa?

What is the primary goal of the Black Economic Empowerment (BEE) initiative in South Africa?

What is the primary objective of the Labour Relations Act in South Africa?

What is the primary goal of the economic redress initiatives in South Africa?

What is the primary consequence of price floors and ceilings in the economy?

What is the primary objective of basic income grants?

What is the primary challenge faced by governments when intervening in the economy?

What is the primary function of the Production Possibility Curve (PPC)?

What is the effect of an improvement in technology on the Production Possibility Curve (PPC)?

What is the primary purpose of indifference curves in relation to the Production Possibility Curve (PPC)?

What is the primary advantage of privatization?

What is the primary goal of government intervention in markets?

What is the consequence of a market failure to allocate resources efficiently?

What is the primary role of the state in the production of goods and services?

What is the primary function of prices in a market economy, in terms of resource allocation?

What is the key difference between a consumer market and a factor market?

What is the term for the worth of a good or service in terms of what it can be exchanged for?

In a market economy, what adjusts based on the interaction of supply and demand?

What is the defining characteristic of imperfect markets?

What is the primary goal of prices in a market economy, in terms of resource allocation?

What is the relationship between price and quantity supplied, according to the Law of Supply?

What is the function of the exchange mechanism in a market?

What is the primary objective of the Labour Relations Act in South Africa?

What is the main difference between frictional unemployment and structural unemployment?

What is the primary function of the Commission for Conciliation, Mediation, and Arbitration (CCMA)?

What is the main reason for the lack of skills in the South African workforce?

What is the primary focus of the Labour Relations Act in South Africa?

What is the purpose of labour courts in South Africa?

What is the role of collective bargaining in the labour market?

What is the formula for calculating the unemployment rate?

What is the primary objective of the Labour Relations Act in promoting collective bargaining?

What is the main advantage of collective bargaining agreements in South Africa?

What is a primary cause of high unemployment rates among young people in South Africa?

Which of the following effects of unemployment is a direct consequence of high unemployment rates?

Which group of people is historically disadvantaged and faces higher risks of unemployment?

What is the primary purpose of the Unemployment Insurance Fund (UIF)?

What is the primary goal of the Reconstruction and Development Programme (RDP)?

What is the primary focus of the Human Resources Development initiative?

What is the primary goal of government interventions in addressing unemployment?

What is the primary outcome of addressing unemployment in South Africa?

What is the primary challenge in addressing unemployment in South Africa?

What is the primary outcome of market equilibrium in a perfectly competitive market?

What is the primary function of prices in a market economy?

What is the primary consequence of price floors and ceilings in a market economy?

What is the primary reason for public sector intervention in the economy, aside from addressing market failures?

What is the primary objective of basic income grants?

What is the primary advantage of state production in vital sectors?

What is the primary consequence of uneven income distribution in an economy?

What is the primary goal of government spending in the public sector?

What is the primary characteristic of public goods?

What is the primary objective of government intervention in markets?

What is the primary challenge faced by governments when intervening in the economy?

What is the primary purpose of price controls in the public sector?

What is the primary factor influencing the demand for labour in South Africa?

What is the primary function of the Production Possibility Curve (PPC)?

What is the primary goal of taxation in the public sector?

What is the consequence of an economy operating inside the PPC curve?

What is the effect of an outward shift in the Production Possibility Curve (PPC)?

What is the primary role of government policies in addressing market failures?

What is the primary purpose of indifference curves in relation to the Production Possibility Curve (PPC)?

What is the primary outcome of market dynamics and external influences?

What is the primary consequence of underemployment in South Africa?

What is the primary function of regulation in the public sector?

What is the primary advantage of privatization?

What is the primary outcome of public sector intervention in the economy?

What is the primary factor influencing the supply of labour in South Africa?

What is the primary goal of government intervention in markets?

What is the primary outcome of market equilibrium?

What is the primary goal of economic policies aimed at reducing unemployment and underemployment in South Africa?

What is the consequence of high inflation rates in an economy?

What is the primary role of the Labour Relations Act in South Africa?

What is the primary aim of the Employment Equity Act in South Africa?

Which of the following initiatives is NOT a part of the Tirisano Campaign?

What is the primary goal of the National Forests Act and Marine Living Resources Act?

Which of the following is a key outcome of the Labour Relations Act?

What is the primary objective of AsgiSA?

Which of the following is a characteristic of the economically active population (EAP)?

What is the primary goal of social grants in South Africa?

Which of the following is a key outcome of the Black Economic Empowerment (BEE) initiative?