Grade 10 Paper 2 Section A Multiple Choice Practice

When there is an increase in the price of a good or service in the market, this causes a

• movement along the supply curve

• shift to the right of the supply curve

• shift to the left of the supply curve

• shift to the right of the demand curve

Price ceiling is also known as …

• maximum price

• minimum price

• minimum wage

• welfare

The government discourages the use of harmful products by ...

• granting subsidies.

• charging indirect taxes.

• implementing maximum prices.

• granting welfare grants.

Utility that the consumer gains by consuming additional units of a product.

• Total utility

• Economic utility

• Value utility

• Marginal utility

Which of the following is an entity that protects and fights for the rights of employees?

• Labour Union

• Workplace Forum

• Bargaining Council

• Employers’ Organisation

The organisation responsible for the publishing of labour force research in South Africa.

• SARS

• Statistics South Africa

• Department of Labour

• Human Rights Commission of South Africa

The … seeks to improve the quality of life of the people of SADC region by driving financial and non-financial investments in the social and economic infrastructure sectors.

• SARB

• Commercial Bank

• Land Bank

• DBSA