Grade 11 Economics Quiz- TOPIC 1 -Term 3

Which of the following best describes economic development?

• An increase in per capita income only

• A reduction in inflation

• Improvement in the standard of living and economic growth

• The growth of the banking sector

Which one of the following is a method of development?

• Restrictive monetary policy

• Use of import tariffs

• Redistribution of income

• Reduced taxation for corporations

A common characteristic of developing countries is:

• High levels of industrialization

• High levels of income per capita

• High population growth rates

• Low unemployment

The factor of production most directly improved through education is:

• Capital

• Labour

• Land

• Entrepreneurship

Which of the following is an example of using technology as a development strategy?

• Increasing import tariffs

• Offering grants to SMMEs

• Introducing mobile banking in rural areas

• Limiting foreign ownership

Which of the following best describes South Africa's GEAR policy?

• Growth, Employment and Redistribution

• Government Economic Aid and Relief

• General Export and Agriculture Reform

• Government Enterprise and Revenue

A major aim of development strategies is to:

• Increase exports only

• Improve living standards for all

• Focus only on GDP growth

• Reduce technology use

Which one of the following is NOT a characteristic of developing countries?

• High dependency ratios

• Well-developed infrastructure

• Low life expectancy

• Low per capita income

Indigenous knowledge systems are often:

• Ignored in policy-making

• Expensive to maintain

• Environmentally sustainable

• Exclusive to developed countries

Which of the following is the most likely outcome of improved labor productivity?

• Higher unemployment

• Lower investment

• Economic development

• Reduced technological innovation