Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2024 - Paper 1
Question 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... show full transcript
Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2024 - Paper 1
Step 1
1.1.1 The … calculates the increase in prices of goods over a period of time.
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Answer
The correct answer is D: Consumer Price Index (CPI). The Consumer Price Index measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Step 2
1.1.2 A/An … will contribute to the sustainable consumption of electricity.
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Answer
The correct answer is B: solar geyser. A solar geyser uses energy from the sun to heat water, thus promoting sustainable energy consumption.
Step 3
1.1.3 Max took the seller, who refused to refund him, to court and the seller was exonerated by a/an …
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Answer
The correct answer is A: exemption clause. An exemption clause can protect a seller from liability in certain situations, which might explain the seller's exoneration.
Step 4
1.1.4 In an illegal pyramid scheme all members …
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Answer
The correct answer is C: are recruited by existing members. In pyramid schemes, existing members recruit new members, who in turn must recruit even more members to make money, leading to a structure that is unsustainable.
Step 5
1.1.5 The information on a food label that guarantees the safety of consumers:
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Answer
The correct answer is A: Manufacturer's name. The manufacturer's name provides accountability and traceability, thus assuring consumers of the product’s safety.
