Economics P2 May/June 2022 SECTION A 1.1
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Question 1 of 8
1. Question
QUESTION 1
1.1 Various options are provided as possible answers to the following questions.
Choose the answer and write only the letter (A–D) next to the question
numbers (1.1.1 to 1.1.8) in the ANSWER BOOK, e.g. 1.1.9 D.This is how your instructions will be in the exam, for this exam practice, just select the correct answer.
1.1.1 The revenue derived from the sale of one additional unit of a
product is called … revenue.CorrectIncorrect -
Question 2 of 8
2. Question
1.1.2 The institution that investigates restrictive business practices is the
Competition …CorrectIncorrect -
Question 3 of 8
3. Question
1.1.3 The cost that changes with the level of output is known as … cost.
CorrectIncorrect -
Question 4 of 8
4. Question
1.1.4 A market structure that is dominated by two producers is called …
CorrectIncorrect -
Question 5 of 8
5. Question
1.1.5 A situation where prices rise so rapidly that people lose confidence
in the value of money can be regarded as …CorrectIncorrect -
Question 6 of 8
6. Question
1.1.6 When tourists visit South African game farms, it is referred to as …
tourismCorrectIncorrect -
Question 7 of 8
7. Question
1.1.7 The command and control approach that focuses on the
environmental impact of pollution is called …CorrectIncorrect -
Question 8 of 8
8. Question
1.1.8 The process where trees are removed from the land and not
replaced is known as …CorrectIncorrect
