thats the only info i have

National treasury said in a response to queries that the ban will last lor a decade and relates to the compary 'engaging in corrupt and traudulent practices related to a SARS contract'. The UK n August barned Bain from public contracts for three years because of alegations related to SARS. Bain was found by a judicial commission to have had fes to llegal dealings durng work restructuring Sars, where senior staff were ousted and the instiuson's investigative capacity was guted." The economic problem shown in the extract is that of and has the consequence of (4 marts) a) Market falluro, extemalities. b) Govemment falluse, public goods being undarproduced. c) Market fallure, inefficient allocation of resourons. d) Government faluee, public goods being overproduced. 1.11 The intervension by the South African government is that of: (4 mans) a) Market participation. b) Regulation. c) Govemment spending. d) Pubic provision of goods and services. 1.12 Study the following diagram and answer the question that follows. 1 At an incorre level of $2,000 bilion. a) Consumption equals $1.500 blition. b) Soving equals $0. c) The MPC equals 0.80. d) There is dissaving. 1.13 The principle of the mulliglier states that (4 marks) a) any increase in aggregate spending that causes the aggregate demand curve to shit will result in a larger increase in national income. b) in the long run, the aggregate demand curve becomes relatively fat as the economy approaches full employmert. c) any increase in national income will result in a larget increase in aggogate spending- d) for any given increase in income, there will be a less than proportioral increase in consumer sperding. 1.14 Read the following quote and answer questions 1.141.16 'China's central bark Monday conducted a total of 10 bllon yuan (about $1.4 billion) of reverse repos to maintain liquidity in the barking system. The interest rate for the seven-dey reverse cepos was set at 2 percent, according to the Peopie's Banik of China. The move aims to keep stable liqudity in the banking system, the central bank said. A rewerse repo is a process in which the conteal bank purchates securties from commercial banks through bidding. with an agreement to sel them back in the future." The area of responsiblity that China's central bark is undertaking with the above decision is that of: (4 marks) a) Fiscal policy. b) Service to the government: c) Provision of economic and statstical services. d) Mantaining financial stability. 1.15 The measure of money that will not be immedately atfected by the above action by Chira's centril bark is: (4 marks) a) M1 b) M2 c) M3 d) Quasi money 1.16 The policy instrument that China's central bank is making use of here is that of: (4 maiks) a) Fiscal policy b) Open market policy. c) Public debt management. d) Intervention in foreign exchange markets. 1.17 Read the following and answer questions 1.17+1.18. during prior recessions. But some sectors, notacly hospitality, havent fully recovered. Thars largaly because of an ongoing worker shartage that has conswained buinesses ablity to "taff up" The unemployment being addiessed in the above quoto is (4 mark) a) Cycical unemployment b) Seasonal unerrolayment c) Hidden unemploymerit d) Frictiona unenqloyment 1.18. The costs to the hospiality industry being presented in the atove cuote are.. a) Sooal oost b) Economic cost c) Political cost d) Distribution cost 1.19 According to Keynesian economiss, during a boom in economic activity. (4 mates) a) money supply should be increased. b) interest rates shouls be cut c) goverrenent should increase is spending d) tax raies should be raised. 1.20 Interest rates are usually (4 mans) An improwernent in economic activit is nermally triggered by an increase in . durng the later stages of a downswing in the Soun Atrican business cyde. rises during an upswing and in the latter stages of the upswing, inflaticn, and interest rates a) low, exports; increase b) low, consumption; fall c) Low, imports; tall d) hight, exports; increase 1.21 Which one of the following is not a supply factor in economic growth? Mandacturing production a) Consumption spending b) Natural resources c) Labour d) Capital (4 marks) (4 marks) d) Cupital 1.22 Which of the following statements is true? (4 marks) a) If A has an absolute advantage over B in producing good X, then A also has a comparative advantage. b) If A has a comparative advantage over B in producing good X, then A can produce X at a lower cost. c) It A has a compatative advantage over B in producing good X, then A also has an absolute advantage. d) If A has a comparative advantage over B in producing good X, then A can produce X at a loser opportunity cost. 1.23 If two countries have differing opportunity costs of production for two goods, then: (4 marks) a) each country should specialse in the good for which it has a higher opporunty cost of production. b) only the country with an absolute advantage in the production of both goods stands to gain from trade. c) cach country should purchase inputs trom the other country in ordet to gain an absolute advantege. d) each country should specialise in the production of the good for which it has a corrparative adventuge. 1.24 Study the table below and answer the question that follows. An appropriate intemasional exchange ratio that would allow mutually acvantagoous trade to take place would be: (4 marks) a) 1 aircraft =25 carpets. b) 1 aircraft =20 camets. c) 1 carpet =0,04 aircraft. d) 1 aircrat =22 camets. 1.25 The exchange rate between the euro (()) and the US dollar (\$) is $1,20 per ouro. If an Amencan tourist in Paris purchases a good valued at 60 eutos, then in his own currency this would cost (4 marks) a) 550 b) $72 c) $48 d) $720 National treasury said in a response to queries that the ban will last lor a decade and relates to the compary 'engaging in corrupt and traudulent practices related to a SARS contract'. The UK n August barned Bain from public contracts for three years because of alegations related to SARS. Bain was found by a judicial commission to have had fes to llegal dealings durng work restructuring Sars, where senior staff were ousted and the instiuson's investigative capacity was guted." The economic problem shown in the extract is that of and has the consequence of (4 marts) a) Market falluro, extemalities. b) Govemment falluse, public goods being undarproduced. c) Market fallure, inefficient allocation of resourons. d) Government faluee, public goods being overproduced. 1.11 The intervension by the South African government is that of: (4 mans) a) Market participation. b) Regulation. c) Govemment spending. d) Pubic provision of goods and services. 1.12 Study the following diagram and answer the question that follows. 1 At an incorre level of $2,000 bilion. a) Consumption equals $1.500 blition. b) Soving equals $0. c) The MPC equals 0.80. d) There is dissaving. 1.13 The principle of the mulliglier states that (4 marks) a) any increase in aggregate spending that causes the aggregate demand curve to shit will result in a larger increase in national income. b) in the long run, the aggregate demand curve becomes relatively fat as the economy approaches full employmert. c) any increase in national income will result in a larget increase in aggogate spending- d) for any given increase in income, there will be a less than proportioral increase in consumer sperding. 1.14 Read the following quote and answer questions 1.141.16 'China's central bark Monday conducted a total of 10 bllon yuan (about $1.4 billion) of reverse repos to maintain liquidity in the barking system. The interest rate for the seven-dey reverse cepos was set at 2 percent, according to the Peopie's Banik of China. The move aims to keep stable liqudity in the banking system, the central bank said. A rewerse repo is a process in which the conteal bank purchates securties from commercial banks through bidding. with an agreement to sel them back in the future." The area of responsiblity that China's central bark is undertaking with the above decision is that of: (4 marks) a) Fiscal policy. b) Service to the government: c) Provision of economic and statstical services. d) Mantaining financial stability. 1.15 The measure of money that will not be immedately atfected by the above action by Chira's centril bark is: (4 marks) a) M1 b) M2 c) M3 d) Quasi money 1.16 The policy instrument that China's central bank is making use of here is that of: (4 maiks) a) Fiscal policy b) Open market policy. c) Public debt management. d) Intervention in foreign exchange markets. 1.17 Read the following and answer questions 1.17+1.18. during prior recessions. But some sectors, notacly hospitality, havent fully recovered. Thars largaly because of an ongoing worker shartage that has conswained buinesses ablity to "taff up" The unemployment being addiessed in the above quoto is (4 mark) a) Cycical unemployment b) Seasonal unerrolayment c) Hidden unemploymerit d) Frictiona unenqloyment 1.18. The costs to the hospiality industry being presented in the atove cuote are.. a) Sooal oost b) Economic cost c) Political cost d) Distribution cost 1.19 According to Keynesian economiss, during a boom in economic activity. (4 mates) a) money supply should be increased. b) interest rates shouls be cut c) goverrenent should increase is spending d) tax raies should be raised. 1.20 Interest rates are usually (4 mans) An improwernent in economic activit is nermally triggered by an increase in . durng the later stages of a downswing in the Soun Atrican business cyde. rises during an upswing and in the latter stages of the upswing, inflaticn, and interest rates a) low, exports; increase b) low, consumption; fall c) Low, imports; tall d) hight, exports; increase 1.21 Which one of the following is not a supply factor in economic growth? Mandacturing production a) Consumption spending b) Natural resources c) Labour d) Capital (4 marks) (4 marks) d) Cupital 1.22 Which of the following statements is true? (4 marks) a) If A has an absolute advantage over B in producing good X, then A also has a comparative advantage. b) If A has a comparative advantage over B in producing good X, then A can produce X at a lower cost. c) It A has a compatative advantage over B in producing good X, then A also has an absolute advantage. d) If A has a comparative advantage over B in producing good X, then A can produce X at a loser opportunity cost. 1.23 If two countries have differing opportunity costs of production for two goods, then: (4 marks) a) each country should specialse in the good for which it has a higher opporunty cost of production. b) only the country with an absolute advantage in the production of both goods stands to gain from trade. c) cach country should purchase inputs trom the other country in ordet to gain an absolute advantege. d) each country should specialise in the production of the good for which it has a corrparative adventuge. 1.24 Study the table below and answer the question that follows. An appropriate intemasional exchange ratio that would allow mutually acvantagoous trade to take place would be: (4 marks) a) 1 aircraft =25 carpets. b) 1 aircraft =20 camets. c) 1 carpet =0,04 aircraft. d) 1 aircrat =22 camets. 1.25 The exchange rate between the euro (()) and the US dollar (\$) is $1,20 per ouro. If an Amencan tourist in Paris purchases a good valued at 60 eutos, then in his own currency this would cost (4 marks) a) 550 b) $72 c) $48 d) $720