Economics P1 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 A country that can produce a product at lower opportunity cost than
other countries has …CorrectIncorrect -
Question 2 of 8
2. Question
1.1.2 The inverse relationship between inflation and unemployment is
best illustrated by the … curve.CorrectIncorrect -
Question 3 of 8
3. Question
1.1.3 South African defence services are controlled by the …
government.CorrectIncorrect -
Question 4 of 8
4. Question
1.1.4 The owners of factors of production in the circular-flow model is/are
the …CorrectIncorrect -
Question 5 of 8
5. Question
1.1.5 An economic integration that allows free movement of labour,
capital and money between member countries is known as a/an …CorrectIncorrect -
Question 6 of 8
6. Question
1.1.6 The production of goods in large quantities, normally done by
countries in the Northern Hemisphere, is known as …CorrectIncorrect -
Question 7 of 8
7. Question
1.1.7 Spatial development initiatives that attract infrastructure and
investments to neglected areas are driven by the Department of …CorrectIncorrect -
Question 8 of 8
8. Question
1.1.8 An economic indicator that relates to productivity is known as …
CorrectIncorrect
