2.1 Give THREE examples of indirect taxes that consumers pay on goods and services - NSC Consumer Studies - Question 2 - 2021 - Paper 1

1. Switch off lights in unused rooms to save energy.
2. Use energy-efficient bulbs such as compact fluorescent lights (CFL) instead of traditional incandescent bulbs.

The production of EcoBricks can help reduce water pollution by promoting recycling and reducing the amount of plastic waste that ends up in waterways. By converting plastic waste into EcoBricks, communities can limit the release of harmful substances into the water while also providing a sustainable building material.

The use of EcoBricks can improve municipal service delivery by decreasing the amount of waste that needs to be collected and disposed of. By diverting plastic waste from landfills, municipalities can allocate resources more efficiently, leading to reduced costs and improved waste management services.

Communities should actively participate in local governance by paying for water and electricity, avoiding illegal connections that increase costs. They should also engage in recycling initiatives and community clean-up campaigns to lessen the financial burden on local resources and help maintain infrastructure.

1. The shop owner made a false promise or misrepresentation about the bed's capability to support the back effectively.
2. The refusal to honor the two-year guarantee on the bed by not offering repairs or a replacement.

Interest rate is the percentage charged on a loan by a lender to a borrower for the use of money, usually expressed as an annual percentage of the principal amount.

When the repo rate decreases, banks typically lower their interest rates on home loans. This means consumers will pay less interest on their loans, making repayments more manageable. However, if consumers do not adjust their current payments, they may benefit from paying off their loans sooner or save on interest costs.