Economic Institutions (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What can shareholders lose if a limited liability company fails?
What can shareholders lose if a limited liability company fails?
Only their share investment
What does 'insolvent' mean?
What does 'insolvent' mean?
Unable to pay debts
What are multinational companies?
What are multinational companies?
Corporations operating in many countries
What do supporters say multinationals create?
What do supporters say multinationals create?
Jobs, investment, & tech sharing
Why did workers form labour unions during industrialisation?
Why did workers form labour unions during industrialisation?
Poor conditions, low wages, long hours
What do labour unions negotiate for?
What do labour unions negotiate for?
Better wages & working conditions
What is globalisation?
What is globalisation?
Free movement of goods, money, knowledge
What do developing countries typically export?
What do developing countries typically export?
Raw materials
Why does the value gap harm developing countries?
Why does the value gap harm developing countries?
Raw materials worth less than finished
What is dumping in international trade?
What is dumping in international trade?
Selling subsidised products very cheaply