Markets (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 role do markets serve in the economy?
What role do markets serve in the economy?
Meeting places for economic participants
What is traded in the goods market?
What is traded in the goods market?
Goods and services are bought and sold
What is traded in the factor market?
What is traded in the factor market?
Factors of production like labour & land
What does the real flow represent?
What does the real flow represent?
Movement of products, services & people
How do real and monetary flows relate?
How do real and monetary flows relate?
They operate in opposite directions
What are the three main economic flows?
What are the three main economic flows?
Production, income, and spending
Which of these is a leakage from the circular flow?
Which of these is a leakage from the circular flow?
Taxes paid to government
Which of these is an injection into the circular flow?
Which of these is an injection into the circular flow?
Exports to other countries
What is the equilibrium condition for the economy?
What is the equilibrium condition for the economy?
What happens when injections exceed leakages?
What happens when injections exceed leakages?
The economy expands