Various options are provided as possible answers to the following questions - NSC Economics - Question 1 - 2021 - 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 Economics - Question 1 - 2021 - Paper 1
Step 1
1.1.1 Long-term financial instruments, such as shares, are traded in the … market.
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Answer
The answer is D: labour market. This is where long-term financial instruments like shares are primarily traded.
Step 2
1.1.2 Business cycles that are caused by changes in the construction industry that last for 15 to 20 years are called … cycles.
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Answer
The answer is A: Kuznets cycles, which refer to the business cycles influenced by construction and typically span longer durations.
Step 3
1.1.3 Transfer of ownership of entities from the private sector to the public sector is called …
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Answer
The answer is D: nationalisation. This term describes the process where private sector entities are transferred to public ownership.
Step 4
1.1.4 Investment contracts that base their value on the underlying assets, such as currencies and commodities, are known as …
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Answer
The answer is C: financial derivatives. These are contracts whose value is derived from underlying assets.
Step 5
1.1.5 The international organisation that reduces tariffs and other trade barriers to liberalise trade is called the …
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Answer
The answer is A: World Bank. This organisation plays a significant role in facilitating trade liberalisation.
