CH 1: Public Sector

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What is the primary role of National Government in the public sector?

Providing health services

Managing regional issues

Handling national affairs like defense and education (correct)

Tackling community-specific matters

What is the main purpose of State-Owned Enterprises (SOEs)?

To manage resources and services like energy and transportation (correct)

To operate in the private interest

To manage regional issues

To provide health services

Why is the public sector essential?

Because it provides profitable services

Because it is funded by private investments

Because it provides structure and essential services that are not profit-driven (correct)

Because it is optional

What is an accountability issue in the public sector?

All of the above Signup and view all the answers

What is a challenge faced by the public sector?

Inefficiency due to lack of clear performance metrics Signup and view all the answers

What is the objective of the public sector in relation to employment?

Reducing unemployment through direct job creation initiatives Signup and view all the answers

What is the purpose of pricing policy in the public sector?

To fulfill social responsibilities Signup and view all the answers

What is a problem faced by State-Owned Enterprises (SOEs)?

Lack of competition and accountability Signup and view all the answers

What is an objective of the public sector in relation to economic growth?

Promoting sustainable growth Signup and view all the answers

What is essential for effective service delivery in the public sector?

Accurate needs assessment Signup and view all the answers

What is one of the key roles of the public sector in South Africa?

To manage resources and provide essential services. Signup and view all the answers

What is the purpose of the Medium-Term Expenditure Framework (MTEF)?

To plan over a three-year period. Signup and view all the answers

What is the Laffer Curve used to illustrate?

The relationship between tax rates and tax revenue. Signup and view all the answers

What is an example of a fiscal policy instrument?

Government Spending Signup and view all the answers

What is a potential drawback of subsidies and taxes?

They can lead to inefficiencies if not carefully managed. Signup and view all the answers

What is an example of a reason for public sector failure?

Information Failure Signup and view all the answers

What is a goal of the public sector in terms of income distribution?

To strive for economic equity Signup and view all the answers

What is the objective of price stability?

To stabilize the national currency Signup and view all the answers

What is a consequence of administered prices?

They can lead to shortages or surpluses Signup and view all the answers

What is the term used to describe the problem that arises when policies do not align costs with benefits?

Moral Hazard Signup and view all the answers

Which government level manages regional issues?

Provincial Governments Signup and view all the answers

What is the purpose of the public sector in providing essential services?

To provide structure and essential services Signup and view all the answers

What is an accountability issue in the public sector?

Financial management Signup and view all the answers

What is a challenge faced by State-Owned Enterprises (SOEs)?

Lack of competition and accountability Signup and view all the answers

What is an objective of the public sector related to economic growth?

Promoting sustainable growth Signup and view all the answers

What is the purpose of pricing policy in the public sector?

To fulfill social responsibilities Signup and view all the answers

What is essential for effective service delivery in the public sector?

Accurate needs assessment Signup and view all the answers

What is a challenge faced by the public sector?

Inefficient use of resources Signup and view all the answers

What is an objective of the public sector?

To reduce unemployment Signup and view all the answers

What is a problem with State-Owned Enterprises (SOEs)?

Lack of competition and accountability Signup and view all the answers

What is the primary objective of price stability in the context of fiscal policy?

To manage inflation and stabilize the national currency Signup and view all the answers

What is the purpose of the Medium-Term Expenditure Framework (MTEF) in the context of budgets?

To plan and allocate resources over a three-year period Signup and view all the answers

What is an example of a fiscal policy instrument used to manage economic activity?

Government Spending Signup and view all the answers

What is a potential consequence of administered prices?

Shortages or surpluses Signup and view all the answers

What is the term used to describe the problem that arises when policies do not align costs with benefits?

Moral hazard Signup and view all the answers

What is the primary goal of income distribution in the context of fiscal policy?

To promote economic equity through progressive taxation Signup and view all the answers

What is a potential drawback of subsidies and taxes?

Distorting market operations and leading to inefficiencies Signup and view all the answers

What is the Laffer Curve used to illustrate?

The relationship between tax rates and tax revenue Signup and view all the answers

What is an example of a reason for public sector failure?

Information failure Signup and view all the answers

What is the primary role of the public sector in South Africa?

To provide public goods and services Signup and view all the answers

What is the primary objective of fiscal policy in managing inflation?

To stabilize the national currency Signup and view all the answers

Which of the following is a characteristic of the Medium-Term Expenditure Framework (MTEF)?

Three-year planning period Signup and view all the answers

What is the relationship between tax rates and tax revenue illustrated by the Laffer Curve?

Optimal tax rate that maximizes revenue Signup and view all the answers

What is a potential consequence of administered prices in the public sector?

Shortages or surpluses Signup and view all the answers

What is the primary goal of income distribution in the context of fiscal policy?

To strive for economic equity Signup and view all the answers

Which of the following is a characteristic of the public sector that differentiates it from the private sector?

Non-profitable but critical services Signup and view all the answers

What is the primary reason for accountability issues in the public sector?

Lack of clear performance metrics Signup and view all the answers

What is the term used to describe the problem that arises when policies do not align costs with benefits?

Moral hazard Signup and view all the answers

What is the objective of the public sector in promoting economic growth?

Promoting sustainable growth through various sectoral supports Signup and view all the answers

What is a potential drawback of subsidies and taxes in the public sector?

Distortion of market operations Signup and view all the answers

What is the primary role of the public sector in South Africa?

To manage national resources Signup and view all the answers

What is the primary challenge faced by State-Owned Enterprises (SOEs)?

Lack of competition Signup and view all the answers

What is the purpose of the public sector in providing essential services?

To provide structure and essential services Signup and view all the answers

What is a reason for public sector failure?

All of the above Signup and view all the answers

What is the primary objective of fiscal policy in the context of taxation?

To manage economic activity Signup and view all the answers

What is the consequence of inefficient use of resources in the public sector?

Suboptimal service delivery Signup and view all the answers

What is the primary role of the Auditor-General in the public sector?

To audit the use of state funds Signup and view all the answers

What is the purpose of assessing needs in the public sector?

To ensure effective service delivery Signup and view all the answers

What is the primary objective of the public sector in relation to employment?

To reduce unemployment through direct job creation Signup and view all the answers

What is the primary challenge faced by the public sector in providing essential services?

Inefficient use of resources Signup and view all the answers

CH 1: Public Sector

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Questions and Answers

What is the primary role of National Government in the public sector?

What is the main purpose of State-Owned Enterprises (SOEs)?

Why is the public sector essential?

What is an accountability issue in the public sector?

What is a challenge faced by the public sector?

What is the objective of the public sector in relation to employment?

What is the purpose of pricing policy in the public sector?

What is a problem faced by State-Owned Enterprises (SOEs)?

What is an objective of the public sector in relation to economic growth?

What is essential for effective service delivery in the public sector?

What is one of the key roles of the public sector in South Africa?

What is the purpose of the Medium-Term Expenditure Framework (MTEF)?

What is the Laffer Curve used to illustrate?

What is an example of a fiscal policy instrument?

What is a potential drawback of subsidies and taxes?

What is an example of a reason for public sector failure?

What is a goal of the public sector in terms of income distribution?

What is the objective of price stability?

What is a consequence of administered prices?

What is the term used to describe the problem that arises when policies do not align costs with benefits?

Which government level manages regional issues?

What is the purpose of the public sector in providing essential services?

What is an accountability issue in the public sector?

What is a challenge faced by State-Owned Enterprises (SOEs)?

What is an objective of the public sector related to economic growth?

What is the purpose of pricing policy in the public sector?

What is essential for effective service delivery in the public sector?

What is a challenge faced by the public sector?

What is an objective of the public sector?

What is a problem with State-Owned Enterprises (SOEs)?

What is the primary objective of price stability in the context of fiscal policy?

What is the purpose of the Medium-Term Expenditure Framework (MTEF) in the context of budgets?

What is an example of a fiscal policy instrument used to manage economic activity?

What is a potential consequence of administered prices?

What is the term used to describe the problem that arises when policies do not align costs with benefits?

What is the primary goal of income distribution in the context of fiscal policy?

What is a potential drawback of subsidies and taxes?

What is the Laffer Curve used to illustrate?

What is an example of a reason for public sector failure?

What is the primary role of the public sector in South Africa?

What is the primary objective of fiscal policy in managing inflation?

Which of the following is a characteristic of the Medium-Term Expenditure Framework (MTEF)?

What is the relationship between tax rates and tax revenue illustrated by the Laffer Curve?

What is a potential consequence of administered prices in the public sector?

What is the primary goal of income distribution in the context of fiscal policy?

Which of the following is a characteristic of the public sector that differentiates it from the private sector?

What is the primary reason for accountability issues in the public sector?

What is the term used to describe the problem that arises when policies do not align costs with benefits?

What is the objective of the public sector in promoting economic growth?

What is a potential drawback of subsidies and taxes in the public sector?

What is the primary role of the public sector in South Africa?

What is the primary challenge faced by State-Owned Enterprises (SOEs)?

What is the purpose of the public sector in providing essential services?

What is a reason for public sector failure?

What is the primary objective of fiscal policy in the context of taxation?

What is the consequence of inefficient use of resources in the public sector?

What is the primary role of the Auditor-General in the public sector?

What is the purpose of assessing needs in the public sector?

What is the primary objective of the public sector in relation to employment?

What is the primary challenge faced by the public sector in providing essential services?

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