1.11 If desired investment exceeds actual investment, then… a) The economy is in a recession. b) Inventories are less than the desired level. c) Inventories are accumulating beyond the desired levels. d) Cyclical unemployment exists.
1.11 If desired investment exceeds actual investment, then…
a) The economy is in a recession.
b) Inventories are less than the desired level.
c) Inventories are accumulating beyond the desired levels.
d) Cyclical
1.12 Read the following extract and answer the question that follows.
Women’s empowerment movement eyes 40% of government spending accreditation
…Last year the South African government affirmed its support for women-owned businesses as part of its commitment to ensuring that gender equality in Africa’s most advanced economy was achieved.
President Cyril Ramaphosa said then: “We are going to drive women’s economic inclusion through public procurement. We have set the target of ensuring that 40% of goods and services procured by public entities are procured from women-owned business.”
Source: https://www.news24.com/citypress/news/womens-empowerment-movement-eyes-40-of-government-spending-20210819
The above decision by the South African government is an example of…
a) Market participation.
b) Government spending.
c) Commercialisation.
d) Nationalisation.
1.13 Read the following extract and answer the question that follows.
Yes, SANParks can refuse to take your cash, says the Reserve Bank
At the start of September, South African National Parks (SANParks) will stop accepting cash payments at the entrances, and inside, some of its parks, a policy to be implemented across every national park during 2023.
And that is quite alright, says the SA Reserve Bank, as custodian of the rules intended to manage the currency.
SanParks announced its roadmap for going cash free – both for the convenience of visitors and for reasons of safety – on Wednesday.
Source: https://www.businessinsider.co.za/sanparks-is-legally-allowed-to-refuse-cash-reserve-bank-says-2021-8
The impact of the above decisions by SANParks will have its impact on…
a) …the M1 measure of money.
b) …the M2 measure of money.
c) …the M3 measure of money.
d) …the number of notes and coins in circulation in the economy.
1.14 Read the following and answer question 1.14-1.15.
New York State's updated partial unemployment system now in effect
The changes are meant for people who lost full-time work and are now working part time, 30 hours or fewer a week, and making $504 or less per week.
Sunday was the first day to certify for benefits under New York State's updated partial unemployment system.
The state is now using hours worked to determine how much money is paid out.
It's meant for people who lost full-time work and are now working part-time, 30 hours or fewer a week and making $504 or less per week…
If you worked zero to 10 hours, your unemployment will not be reduced, over 31 hours and you will not receive benefits.
Source: https://www.wgrz.com/article/news/local/new-york-state-partial-unemployment-system-in-effect/71-4d2a3cf4-b7af-4850-b44c-c75a0861f6a3
The type of unemployment being addressed n the above intervention is...
a) Cyclical unemployment
b) Seasonal unemployment
c) Hidden unemployment
d) Frictional unemployment
1.15 The cost to the New York state demonstrated in the article is the…
a) Social cost
b) Economic cost
c) Political cost
d) Distribution cost
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