Effects on People Who Are Economically Vulnerable (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What defines economically vulnerable people?
What defines economically vulnerable people?
Lacking secure income or savings for needs
Which group is classified as economically vulnerable due to limited formal employment access?
Which group is classified as economically vulnerable due to limited formal employment access?
Rural women
Why do business cycles affect vulnerable groups more severely than the general population?
Why do business cycles affect vulnerable groups more severely than the general population?
Fewer resources to fall back on
What happens to govt spending during economic growth and prosperity?
What happens to govt spending during economic growth and prosperity?
It increases as tax revenues rise
Why must govts cut spending during recessions?
Why must govts cut spending during recessions?
Lower tax revenue from struggling economy
Why do pensioners face challenges when prices increase?
Why do pensioners face challenges when prices increase?
Govt adjustments to grants lag increases
What do poor households spend almost all their limited income on?
What do poor households spend almost all their limited income on?
Basic necessities like food and shelter
Which workers typically face job losses earliest during economic contractions?
Which workers typically face job losses earliest during economic contractions?
Illiterate and unskilled workers
Why are casual workers particularly vulnerable during recessions?
Why are casual workers particularly vulnerable during recessions?
They lack long-term employment contracts
What cost-cutting measure do businesses use during recessions affecting low-skilled workers?
What cost-cutting measure do businesses use during recessions affecting low-skilled workers?
Replace them with technology solutions